Flat Extra Substandard Reinsurance Premiums. a) Permanent Flat Extra Premiums are ones assessed for more than 5 years. North American Re should receive its proportionate share of any such premiums less a 10% reduction in all policy years. b) Temporary Flat Extra Premiums are ones assessed for 5 years or less. North American Re should receive its proportionate share of any such premiums less a 10% reduction in all policy years.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
Flat Extra Substandard Reinsurance Premiums. a) Permanent Flat Extra Premiums are ones assessed for more than 5 years. North American Re should receive its proportionate share of any such premiums less a 10% reduction in all policy years.
b) Temporary Flat Extra Premiums are ones assessed for 5 years or less. North American Re should receive its proportionate share of any such premiums less a 10% reduction in all policy years.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
