Flat Extra Substandard Reinsurance Premiums. a) Permanent Flat Extra Premiums are ones assessed for more than 5 years. The Reinsurer should receive its proportionate share of any such premiums less the following percentage premium reductions: First Year [percentage] Renewal [percentage] b) Temporary Flat Extra Premiums are ones assessed for 5 years or less. The Reinsurer should receive its proportionate share of any such premiums less the following percentage premium reductions: First Year [percentage] Renewal [percentage]
Appears in 3 contracts
Samples: Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8)
Flat Extra Substandard Reinsurance Premiums. a) Permanent Flat Extra Premiums are ones assessed for more than 5 years. The Reinsurer should receive its proportionate share of any such premiums less the following percentage premium reductions: First Year [percentage] Renewal [percentage]
b) Temporary Flat Extra Premiums are ones assessed for 5 years or less. The Reinsurer should receive its proportionate share of any such premiums less the following percentage premium reductions: First Year [percentage] Renewal [percentage]] EXHIBIT B Page 4 (Revised August 1, 1998)
Appears in 2 contracts
Samples: Automatic Yrt Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic Yrt Reinsurance Agreement (Ids Life of New York Account 8)
