LIFE REINSURANCE. The reinsurance premiums per $1000 are shown in Schedule B. Reinsurance premiums for renewals will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification.
LIFE REINSURANCE. Reinsurance premiums per $1,000 are shown in Schedule B. The mode of payment will be monthly. Each monthly premium will be calculated using (1) the issue age of the insured under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification. The duration since issue will be measured in whole years. Any fractional portion of a year since issue will be ignored.
LIFE REINSURANCE. The amount reinsured on a policy is the policy's net amount at risk less the Ceding Company's retention available on the policy less any amount of reinsurance with other reinsurers. The retention on each life, or both lives for joint policies, is shown in Schedule A. The net amount at risk is shown in Schedule A. The reinsurance premiums per $1000 are shown in Schedule B.
LIFE REINSURANCE. Life reinsurance shall be on the yearly renewable term basis for the net amount at risk as described below:
LIFE REINSURANCE. Premiums for Life and Supplemental Benefit reinsurance will be as shown in Schedule I.
LIFE REINSURANCE. Basis 1: The Ceding Company will retain its Maximum Limits of Retention per life as set out in Exhibit 2 – Ceding Company’s Retention and cede the remainder to the Reinsurance Pool. The Reinsurer’s share of the reinsured amount shall be [REDACTED], not to exceed the Reinsurer’s Automatic Participation Limits, as set out in Exhibit 4.
LIFE REINSURANCE. Life reinsurance for both the quota share portion and the excess portion shall be on a coinsurance basis. The Reinsurer must establish and assume liability for all statutory reserves in proportion to its share of the liability. This is required by law in the State of Wisconsin.
LIFE REINSURANCE. Reinsurance of life reinsurance risk under this Agreement shall be on the Plan of Reinsurance specified in the relevant Exhibit for the amount at risk each policy year on the portion of the policy reinsured.
LIFE REINSURANCE. The Reinsurer's quota share will be [REDACTED] of the reinsurance pool [REDACTED], not to exceed the amounts shown below. U.S. or Canadian Citizen or Permanent Resident [REDACTED] Foreign Nationals [REDACTED]
LIFE REINSURANCE. Reinsurance shall be on a first dollar quota share basis. The amount reinsured on a policy is the policy’s net amount at risk less the Ceding Company’s retention available on the policy less any amount of reinsurance with other reinsurers. The retention on each life, or both lives for joint policies, is shown in Section 3 of Schedule A. The net amount at risk is defined in Section 8 of Schedule A. The reinsurance premiums per $1000 are shown in Section 1 of Schedule B.
