Common use of Life Reinsurance Premiums Clause in Contracts

Life Reinsurance Premiums. A. Life Reinsurance Premiums Paid on a Coinsurance Basis The CEDING COMPANY shall pay the current premium as shown in Exhibit II based on the amount of life insurance reinsured, less the allowance stated in Exhibit III. In addition, the CEDING COMPANY shall pay any substandard table extra and flat extra premiums, but shall exclude the policy fee. In the event the current premium is changed, BMA shall be notified by the CEDING COMPANY immediately. B. Life Reinsurance Premiums on a Yearly Renewable Term Basis The life reinsurance premium on the net amount at risk shall be based on rates shown in Exhibit II. For those premiums less than the net premium rate or rates based on the 1980 CSO Table at 4 ½% interest, only the latter rate or rates shall be guaranteed. Should BMA increase the reinsurance premiums to the 1980 CSO Table at 4 ½% interest, then the CEDING COMPANY shall have the right to immediately recapture any business affected by that change.

Life Reinsurance Premiums. A. Life Reinsurance Premiums Paid on a Coinsurance Basis The CEDING COMPANY shall pay the current premium as shown in Exhibit II based on the amount of life insurance reinsured, less the allowance stated in Exhibit III. In addition, the CEDING COMPANY shall pay any substandard table extra and flat extra premiums, but shall exclude the policy fee. In the event the current premium is changed, BMA shall be notified by the CEDING COMPANY immediately. B. Life Reinsurance Premiums on a Yearly Renewable Term Basis The life reinsurance premium on the net amount at risk shall be based on rates shown in Exhibit II. For those premiums less than the net premium rate or rates premiums based on the 1980 CSO Table at 4 ½% 1/2% interest, only the latter rate or rates shall premiums can be guaranteedguaranteed for renewal. Should BMA increase the reinsurance premiums to the 1980 CSO Table at 4 ½% 1/2% interest, then the CEDING COMPANY shall have the right to immediately recapture any business affected by that change.

Life Reinsurance Premiums. A. Life Reinsurance Premiums Paid on a Coinsurance Basis The CEDING COMPANY shall pay the current premium as shown in Exhibit II based on the amount of life insurance reinsured, less the allowance stated in Exhibit III. In addition, the CEDING COMPANY shall pay any substandard table extra and flat extra premiums, but shall exclude the policy fee. In the event the current premium is changed, BMA shall be notified by the CEDING COMPANY immediately. B. Life Reinsurance Premiums on a Yearly Renewable Term Basis The life reinsurance premium on the net amount at risk shall be based on rates shown in Exhibit II. For those premiums less than the valuation net premium rate or rates based on the 1980 CSO Table at 4 ½% 3% interest, only the latter rate or rates premiums shall be guaranteed. Should BMA increase the reinsurance premiums to the valuation net premium based on the 1980 CSO Table at 4 ½% 3% interest, then the CEDING COMPANY shall have the right to immediately recapture any business affected by that change.

Life Reinsurance Premiums. A. Life Reinsurance Premiums Paid on a Coinsurance Basis The CEDING COMPANY shall pay the current premium as shown in Exhibit II based on the amount of life insurance reinsured, less the allowance stated in Exhibit III. In addition, the CEDING COMPANY shall pay any substandard table extra and flat extra premiums, but shall exclude the policy fee. In the event the current premium is changed, BMA shall be notified by the CEDING COMPANY immediately. B. Life Reinsurance Premiums on a Yearly Renewable Term Basis The life reinsurance premium on the net amount at risk shall be based on rates shown in Exhibit II. For those premiums less than the net premium rate or rates based on the 1980 CSO Table at 4 ½% interest, only the latter rate or rates shall be guaranteed. Should BMA increase the reinsurance premiums to the 1980 CSO Table at 4 ½% interest, then the CEDING COMPANY shall have the right to immediately recapture any business affected by that change.. ARTICLE VI