GUARANTEED RATE. The life reinsurance rates described in 7.02 above are guaranteed for one policy year. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit II. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
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Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1), Yrt Agreement (Nationwide Provident Vli Separate Account A)
GUARANTEED RATE. The life reinsurance rates described in 7.02 8.03 above are guaranteed for one policy year. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit II. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
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Samples: Reinsurance Agreement (Jackson National Separate Account Iv), Reinsurance Agreement (Jnlny Separate Account Iv)
GUARANTEED RATE. The life reinsurance rates described in 7.02 8.02 above are guaranteed for one policy year[*]. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit II. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
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Samples: Assignment, Transfer and Novation Agreement (Ameritas Variable Separate Account V)
GUARANTEED RATE. The life reinsurance rates described in 7.02 8.02 above are guaranteed for one policy year. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit IIIII. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account A)
GUARANTEED RATE. The life reinsurance rates described in 7.02 8.02 above are guaranteed for one policy year. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit II. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
Appears in 1 contract
Samples: Yrt Agreement (Nationwide Provident Vli Separate Account 1)
GUARANTEED RATE. The life reinsurance rates described in 7.02 8.02 above are guaranteed for one policy year. However, the Reinsurer anticipates continuing to accept reinsurance premiums on the basis of the rates shown in Exhibit II. I. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
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