Life Premiums. 1) Until further notice, reinsurance premiums shall be at the rates given in the attached Exhibit B. The North American Re guarantees that premium rates for a given attained age, rating and duration shall not exceed the higher of the rate shown in the attached schedule (Exhibit B) for that age, rating and duration or the one year term rate on the appropriate multiple of the 1958 CSO table at 2 1/2%.
Life Premiums. Until further notice, the reinsurance premiums based on the applicable reinsurance amount at risk as described in Article 4 and SCHEDULE B, shall be at the rates described in Articles 5.2. and 5.3. INVESTORS HERITAGE reserves the right to review and modify these reinsurance premiums.
Life Premiums. For the purpose of all commission payments, "Premiums" shall not include premiums collected for Temporary Flat Extra Premiums.
Life Premiums. Until further notice, the reinsurance premiums shall be at the rates described in Articles 4.2 and 4.3. Although OPTIMUM RE anticipates that the reinsurance premium rates in Schedule B shall apply indefinitely, it guarantees only that the reinsurance premium rates applicable to the business reinsured hereunder will not exceed the YRT net premiums at the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate. In the event THE COMPANY increases its premiums or cost-of-insurance charges on any block of policies, OPTIMUM RE reserves the right to review and modify its reinsurance premium rates. Any such increase in the reinsurance premium rates shall be in proportion to THE COMPANY’s increase in premiums or cost-of-insurance charges. The increase in the reinsurance premium rates shall become effective on the policy anniversary dates beginning no sooner than 30 days after OPTIMUM RE has given its written notice to THE COMPANY of its intent to increase the reinsurance premium rates and no sooner than the COMPANY’s increase in its premiums or cost-of-insurance charges.
