Allowances on Flat Extras Sample Clauses

Allowances on Flat Extras. Permanent Flat Extras or Temporary Flat Extras:
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Allowances on Flat Extras. Temporary Flat Extras (Less Than or Equal To 5 Years): Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years):
Sample 1
Allowances on Flat Extras. When a flat extra is payable for 5 years or less, an allowance of of the gross flat extra charged by the company will be made each year. When a flat extra premium is payable for more than 5 years, an allowance of of the gross flat extra will be charged by the Company will be made in the first year and an allowance of in each year thereafter.
Sample 1
Allowances on Flat Extras. (a) Temporary Flat Extras (Less Than Or Equal To 5 Years): 90% of the flat extras per $1,000 are added to the appropriate single life YRT rate (i.e., net of the 10% reinsurance allowance for temporary flat extras). (b) Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years): 0% of the flat extras per $1,000 are added to the appropriate single life YRT rate(s) in year 1, and 90% of the flat extras per $1,000 are added to the appropriate single life YRT rate(s) in renewal years (i.e., net of payment of 100% reinsurance allowance for first year and net of 10% reinsurance allowance for renewal years for permanent flat extras).
Sample 1
Allowances on Flat Extras. Temporary Flat Extras (Less Than or Equal To 5 Years): [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e., net of the [*] reinsurance allowance for temporary flat extras). Table of Contents Permanent Flat Extras (Or Temporary Flat Extras Greater Than 5 Years): In year 1, [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate (i.e. net of a [*] reinsurance allowance for year 1). In years 2+, [*] of the flat extras per $1,000 are added to the appropriate single life reinsurance premium rate or if applicable, to the appropriate single life substandard reinsurance premium rate. (i.e. net of a [*] reinsurance allowance for years 2+). For survivorship policies, the flat extras whether temporary or permanent, are applied before the frasierization process outlined in Section 3. below.
Sample 1

Related to Allowances on Flat Extras

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