Basis of Reinsurance. Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.
Basis of Reinsurance. Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes and the Reinsurer hereby reinsures:
a. the applicable Quota Share of the liability of the Coinsurance Business on a coinsurance with funds withheld basis;
b. the applicable Quota Share of the liability of each of the types of Business Reinsured that comprise Modified Coinsurance Business on a modified coinsurance basis; and
c. IMR Amount on a coinsurance with funds withheld basis.
Basis of Reinsurance. The premium rates per thousand are those specified in Schedule E – Reinsurance Premium Rates. The rates in Schedule E – Reinsurance Premium Rates, shall apply to both automatic and facultative reinsurance.
Basis of Reinsurance. A. Life insurance shall be reinsured .
B. For the purpose of this agreement, except as noted below, the net amount at risk shall be calculated as .
C. The amount at risk may be determined using actual cash values, account values, tabular values, or by other methods agreeable to the Reinsured and the Reinsurer. SCHEDULE D defines special methods for calculating the net amount at risk different from B. above. [page break]
Basis of Reinsurance. The Reinsurer shall participate in a pool of reinsurers for eligible plans.
Basis of Reinsurance. 1. On and after the effective date of this Agreement, the Ceding Company shall automatically cede to the Pool 90% of its First Excess on policy plans covered by this Agreement. Exhibit II describes the policy plans and riders covered by this Agreement, defines the First Excess, and sets out certain reinsurance limitations. The Pool shall automatically accept such First Excess, within the limits indicated in Exhibit II, provided that the Ceding Company retains its regular retention, as delineated in exhibit III, and has applied its normal underwriting standards. Underwriting risk classification will be determined by use of the Ceding Company's Underwriting Manual or a mutually agreed upon alternative method. The Ceding Company will advise the Pool of any changes in underwriting standards, underwriting requirements or other underwriting criteria prior to implementation. Members of the Pool shall have the right, at any reasonable time, to review risk classification information relating to reinsurance ceded under this Agreement either at the office of the Ceding Company or by periodic requests for such underwriting information.
2. If the Ceding Company is already on the risk for its regular retention under policies previously issued, it may cede automatically to the Pool, within the limits specified in Exhibit II, on the terms on which it would have been willing to accept the risk for its retention.
3. If the Ceding Company retains for its own account less than its regular retention for such risk, it may not bind the Pool automatically.
4. Amounts in excess of the automatic cover outlined in Exhibit II, or amounts on any risk otherwise eligible for coverage hereunder on which the Ceding Company does not care to bind the Pool, may be submitted to any members of the Pool for facultative reinsurance using the reinsurance application attached as Exhibit I. In such case, the Ceding Company shall forward to all Pool Members copies of the original applications, all medical examinations or reports, inspection reports and all other information which the Ceding Company may have pertaining to the insurability of such risk, together with a Reinsurance Application (Exhibit I). The members of the Pool, upon receipt of such information, shall promptly notify the Ceding Company of their respective underwriting action.
Basis of Reinsurance. Reinsurance under this Agreement will be on the basis as stated in Schedule B.
Basis of Reinsurance. On and after 12:01 a.m., New York time, on the Effective Date, Ceding Company's liabilities under the Reinsured Contracts shall be reinsured on a one hundred percent (100%) indemnity coinsurance and modified coinsurance basis by Reinsurer.
Basis of Reinsurance. The Ceding Company agrees to cede and the Reinsurer agrees to accept Net Ceded Liabilities. The reinsurance provided hereunder shall be on a 100% coinsurance basis.
Basis of Reinsurance. (CONTINUED)
C. The amount at risk may be determined using actual cash values, account values, tabular values, or by other methods agreeable to the Reinsured and the Reinsurer. SCHEDULE C defines special methods for calculating the net amount at risk different from B. above.
