Decreasing Term Plans Sample Clauses
Decreasing Term Plans. The Reinsurer's net amount at risk shall be determined in accordance with the Ceding Company's table of reducing amount or commuted values for each policy year applied to the initial amount of reinsurance involved.
Decreasing Term Plans. The reinsurance benefit shall equal the face amount of death benefit reinsured.
Decreasing Term Plans. The first net amount at risk will be the reinsurance face amount ceded. Subsequent years will be determined from the commuted values schedule provided by the CEDING COMPANY.
Decreasing Term Plans. Amount at risk will be the face amount at the end of the policy year. Letter of Understanding Cologne Reinsurance Treaty The ADB limit of $150,000 is increased to the ceding company’s limit.
Decreasing Term Plans. For decreasing term plans, the reinsurance benefit shall be the current death benefit of the policy times the reinsurance portion "p". The reinsurance proportion "p" is calculated at issue as follows: p = Policy Death Benefit - Amount Retained -------------------------------------- Policy Death Benefit For reinsurance of plans with fluctuating net amounts at risk or with increasing or decreasing death benefits, the reinsurance benefit for the entire policy year shall be the reinsurance benefit calculated by the Company at the beginning of each policy year, in accordance with the methods outlined above. The Reinsurer's liability shall be the amount calculated at the beginning of each policy year. If there is a change in the policy, the Company shall send amended reinsurance benefit amounts to the Reinsurer.
Decreasing Term Plans. The amount of reinsurance benefit at each policy duration is the death benefit at each policy duration minus the initial amount retained by the Company. For reinsurance of plans with fluctuating net amounts at risk or with increasing or decreasing death benefits, the reinsurance benefit for the entire policy year shall be the reinsurance benefit calculated by the Company at the beginning of each policy year, in accordance with the methods outlined above. The Reinsurers liability shall be the amount calculated at the beginning of each policy year. If there is a change in the policy, the Company shall send amended reinsurance benefit amounts to the Reinsurer. GENERAL & COLOGNE LIFE RE OF AMERICA
Decreasing Term Plans. The amount of reinsurance benefit at each policy duration is the death benefit at each policy duration is "a" times "b", where "a" is the death benefit at each duration minus the percentage retained by the Company at initial cession, and "b" is the Reinsurer's share of the Reinsurance Pool. For reinsurance of plans with fluctuating net amounts at risk or with increasing or decreasing death benefits, the reinsurance benefit for the entire policy year shall be the reinsurance benefit calculated by the Company at the beginning of each policy year, in accordance with the methods outlined above. The Reinsurer's liability shall be the amount calculated at the beginning of each policy year. If there is a change in the policy, the Company shall send amended reinsurance benefit amounts to the Reinsurer.
Decreasing Term Plans. The amount of reinsurance benefit at each policy duration is the death benefit at each policy duration is "a" times "b", where "a" is the death benefit at each duration minus the percentage retained by the Company at initial cession, and "b" is the Reinsurer's share of the Reinsurance Pool. For reinsurance of plans with fluctuating net amounts at risk or with increasing or decreasing death benefits, the reinsurance benefit for the entire policy year shall be the reinsurance benefit calculated by the Company at the beginning of each policy year, in accordance with the methods outlined above. The Reinsurer's liability shall be the amount calculated at the beginning of each policy year. If there is a change in the policy, the Company shall send amended reinsurance benefit amounts to the Reinsurer.