Multiple Extras Sample Clauses
Multiple Extras. Interest Sensitive Products
Multiple Extras. For substandard risks issued at table ratings for the Company’s non-interest sensitive products reinsured hereunder, the attached standard YRT rates apply. Multiply the rates by the appropriate mortality factor to determine the reinsurance premium.
Multiple Extras. For substandard risks issued at table ratings, the rates are increased by twenty-five percent (25%) for each table of substandard mortality. The maximum rating for Simplified and Guaranteed Issue is 250%.
Multiple Extras. For substandard risks issued at table ratings for the Company’s non-interest sensitive products reinsured hereunder, the attached standard YRT rates apply. Multiply the rates by the appropriate mortality factor below. The single life rates are adjusted with the appropriate multiple extras prior to the Frasierization calculation. (ii) MULTIPLE EXTRAS: YRT rates are increased by 25% for each table of substandard mortality. For Survivorship life business, the single life rates are adjusted with the appropriate multiple extras prior to the application of the Frasierization calculation. Single Life YRT rates for Interest Sensitive Products are adjusted for multiple table extras using the following formula: YRTraterated = 1000 x { min[1-(1-YRTrateunrated /1000)multiple rating , 1] } * the multiple rating is expressed as a decimal, i.e., if it is a 250% rating, then 2.5 is used. The single life rates are adjusted with the appropriate multiple extras prior to the Frasierization calculation.
Multiple Extras. For substandard risks issued at table ratings, the applicable rate shall be increased by an extra 25% per table of assessed rating. 5. ALLOWANCES: ON BASIC PREMIUM(S) There are no allowances payable. ON FLAT EXTRA PREMIUMS When a flat extra premium is payable for 5 years or less, an allowance of 10% of the gross flat extra charged by the Company will be made each year. When a flat extra premium is payable for more than 5 years, an allowance of 100% of the gross flat extra charged by the Company will be made in the first year and an allowance of 10% in each year thereafter.
Multiple Extras. Non Interest Sensitive Products: Percentage Rating Table Rating Percentage Rating Table Rating
Multiple Extras. For Substandard risks issued at table ratings, multiply the above rates by the appropriate mortality factor.
