Guaranteed Rates. Although the Reinsurer anticipates continuing to accept reinsurance rates at the current level, the Reinsurer reserves the right to increase the reinsurance rates but only when the Ceding Company increases the rates to the policy owner. The increase to the reinsurance rates on a given policy shall be no more than proportional to the increase to the policy owner's rates.
Guaranteed Rates. The Reinsurer reserves the right to increase reinsurance premiums only if the Ceding Company increases the rates (including monthly administrative charge, mortality and expense risk rates, face amount mortality and expense risk rate per 1000, and cost of insurance rates) to the policy owner. If the increase to these reinsurance premiums are more than proportional to the increase to the policy owners' cost of insurance rates, the Ceding Company will have the right to recapture the business as of the date of the notice of rate change.
Guaranteed Rates. For technical reasons relating to the uncertain status of deficiency reserve requirements by the various state insurance departments, the life reinsurance rates cannot be guaranteed for more than one year. On all reinsurance ceded at these rates, however, the Reinsurer anticipates continuing to accept premiums on the basis of the rates shown in Exhibit I.
Guaranteed Rates. Although the Reinsurer anticipates continuing to accept Reinsurance Premium at the current rate level, the Reinsurer reserves the right to increase the YRT Reinsurance Rate Factors (described in Exhibit I) for any Plan of Insurance but in no event will the increased annual YRT Reinsurance Premium Rate, as defined in Exhibit I, for standard risks exceed the applicable annual rates in the Valuation Mortality Table specified in Schedule A for that Plan of Insurance. Such increased rates shall apply for policy years beginning during the fifth calendar year after the calendar year during which the Ceding Company receives written notice of the rate increase. The Reinsurer and the Ceding Company shall then endeavor in good faith to mutually agree on the amount of rate increase that shall apply to that specific Plan of Insurance. If the Parties cannot agree on the amount of such rate increase for a Plan of Insurance, then the Ceding Company reserves the right to recapture the risks associated with such Plans of Insurance without fee, as of the effective date of the rate increase. Written notice of such recapture shall be provided to the Reinsurer no later than thirty (30) days following the effective date of the rate increase.
Guaranteed Rates. Subject to subsection C.3. below, the annuity purchase rates are guaranteed to be at least as favorable as the amounts shown in the Table of Guaranteed Maximum Rates attached to this Contract as Schedule A.
Guaranteed Rates. The Annual Rates per $1,000 of Reinsured Net Amount at Risk set forth in Exhibit III are guaranteed. The Allowance Percentages set forth in Exhibit IV are also guaranteed, except to the extent that the Reinsurer may adjust the Allowance Percentages but only in an amount required to ensure that the Reinsurer receives its proportionate share of any increases in premium rates, policy charges including cost of insurance rates, or administrative fees as implemented by the Ceding Company for the reinsured policies. The Reinsurer will establish statutory reserves for business reinsured under this Agreement in its statutory financial statements in accordance with applicable accounting and valuation laws, regulations and actuarial guidelines to which the Reinsurer is subject. Notwithstanding the foregoing, the Reinsurer intends to hold statutory reserves for business reinsured under this Agreement on a 1/24 cx basis using the 2001 CSO Sex and Smoker Distinct Ultimate Table and the prevailing statutory interest rate. If the reserve methodology used by the Reinsurer on the Effective Date must be modified due to a change in law or regulation or a change in a regulator's interpretation or application of existing law or regulation (hereinafter a "Reserve Methodology Change Event"), then the Reinsurer will notify the Ceding Company of the occurrence of the Reserve Methodology Change Event within one hundred eighty (180) days after first learning of such event, and the Reinsurer will have the right to transfer this Agreement to an affiliate reinsurer not subject to U.S. insurance laws, provided that:
1. The Ceding Company is able to take Reinsurance Credit as provided in Article VIII; and
2. The affiliate reinsurer accepts transfer of this Agreement (including all amendments) by novation, without any material modification to the substantive terms of the Agreement except as necessary to enable the Ceding Company to take Reinsurance Credit in accordance with Article VIII (notwithstanding the terms of Article XIV, if the Reinsurer novates this Agreement to an entity that is not subject to United States taxation, the joint DAC Tax Election under Article XIV shall be invalid for consideration received after the date of the novation); and Allocated Retention Pool -- Effective 10/1/2008 Between HLIC and Swiss Re
3. The transfer by novation to the affiliate reinsurer does not result in the payment of any United States tax by the Ceding Company; and
4. The affiliate reinsurer has,...
Guaranteed Rates. ALTHOUGH THE REINSURER ANTICIPATES CONTINUING TO ACCEPT REINSURANCE PREMIUMS AT THE CURRENT LEVEL, THE REINSURER RESERVES THE RIGHT TO INCREASE THE YRT REINSURANCE RATES, AS DEFINED IN EXHIBIT III, BUT ONLY WHEN THE CEDING COMPANY INCREASES THE COST OF INSURANCE RATES OR POLICY CHARGES TO THE POLICY OWNER. IF THE REINSURER INCREASES ITS PREMIUM RATES OVER AND ABOVE THE PROPORTIONATE INCREASE BY THE CEDING COMPANY TO THE POLICYOWNERS'S COST OF INSURANCE RATES OR POLICY CHARGES, THE CEDING COMPANY RESERVES THE RIGHT TO RECAPTURE AFFECTED BUSINESS WITH NO RECAPTURE FEE. THE INCREASE TO THESE REINSURANCE PREMIUMS SHALL BE NO GREATER THAN THE 1980 COMMISSIONER'S STANDARD ORDINARY SMOKER/NON-SMOKER SEX DISTINCT TABLE. THE CEDING COMPANY WILL PROVIDE THE REINSURER WITH THIRTY (30) DAYS' ADVANCE WRITTEN NOTICE OF ANY INCREASES IN THE COST OF INSURANCE RATES OR POLICY CHARGES. THE REINSURER WILL PROVIDE THE CEDING COMPANY WITH THIRTY (30) DAYS' ADVANCE WRITTEN NOTICE OF ANY RATE INCREASE. SL Excess Pool -- Amendment 7 Between HLAIC and TOLIC Effective 03/18/05 3188-12 A7 3 THE CEDING COMPANY AND THE REINSURER AGREE THAT THEY HAVE NEGOTIATED THE TERMS OF THIS AGREEMENT ON THE ASSUMPTION THAT THE REINSURER WILL HOLD STATUTORY RESERVES AS A RESULT OF THIS AGREEMENT AT THE RESERVE BASIS. IF ANY INSURANCE REGULATORY AUTHORITY HAVING JURISDICTION OVER THE REINSURER REQUIRES THE REINSURER TO ESTABLISH RESERVES FOR LIABILITIES ASSUMED UNDER THIS AGREEMENT IN EXCESS OF THE RESERVE BASIS AS A RESULT OF THIS ARTICLE V, SECTION 6 ("REQUIREMENT"); AND
Guaranteed Rates. Although the Reinsurer anticipates continuing to accept Reinsurance Premium at the current rate level, the Reinsurer reserves the right to increase the YRT Reinsurance Rate Factors, as set forth in Exhibit IV, for any Plan(s) of Insurance when there is a material shift in the demographics or the Reinsurer's expectations of future mortality results on such Plan(s) of Insurance warrant. The Reinsurer shall provide at least one hundred twenty (120) days written notice of any such change. However, in no event will the increased Base YRT Reinsurance Premium Rate, as defined in Exhibit I, for standard risks exceed the applicable annual rates in the Valuation Mortality Table specified in Schedule A for such Plan(s) of Insurance. The Reinsurer and the Ceding Company shall then endeavor in good faith to mutually agree on the amount of rate increase that shall apply to such Plan(s) of Insurance. If the Parties cannot agree on the amount of such rate increase for such Plan(s) of Insurance, then the Ceding Company reserves the right to recapture the risks associated with such Plan(s) of Insurance without fee, as of the effective date of the rate increase. Written notice of such recapture shall be provided to the Reinsurer no later than thirty (30) days following the effective date of the rate increase.
Guaranteed Rates. Although the Reinsurer anticipates continuing to accept Reinsurance Premium at the current rate level, the Reinsurer reserves the right to increase the YRT Reinsurance Rate Factors, as set forth in Exhibit IV, for any Plan(s) of Insurance when there is a material shift in the demographics or the Reinsurer's expectations of future mortality results on such Plan(s) of Insurance warrant. The Reinsurer shall provide at least one hundred twenty (120) days written notice of any such change. However, in no event will the increased Base YRT Reinsurance Premium Rate, as defined in Exhibit I, for standard risks exceed the applicable annual rates in the Valuation Mortality Table specified in Schedule A for such Plan(s) of Insurance. Allocated Retention Pool (Non-Excess Risks) -- Effective October 1, 2008 Between Canada Life xxx XXXXX The Reinsurer and the Ceding Company shall then endeavor in good faith to mutually agree on the amount of rate increase that shall apply to such Plan(s) of Insurance. If the Parties cannot agree on the amount of such rate increase for such Plan(s) of Insurance, then the Ceding Company reserves the right to recapture the risks associated with such Plan(s) of Insurance without fee, as of the effective date of the rate increase. Written notice of such recapture shall be provided to the Reinsurer no later than thirty (30) days following the effective date of the rate increase.
Guaranteed Rates. The Reinsurer does not guarantee the rates in this treaty but intends to charge these rates indefinitely. In the event that the Reinsurer does increase rates, except as noted below, the Ceding Company shall have the right to recapture the business as of the date of notice of rate change. At this date of recapture, the Reinsurer in addition to any other amounts due, shall transfer an amount equal to Fac for Single Life Excess Pool Between HLIC and Canada Life Effective 4/01/2003 If however, the Ceding Company raises the rates charged to their customers, the Reinsurer shall have the right to raise rates without the allowed recapture stated above. However, this increase to the reinsurance rates shall be no more than proportional to the increase to the policy owners' cost of insurance rates.
