Plan of Insurance. The life reinsurance shall be on a risk premium basis for the net amount at risk. The waiver of premium benefit shall be on a coinsurance basis in accordance with the provisions of the original forms submitted to The Guardian and issued by the ceding company. The ceding company shall pay The Guardian monthly premiums as described in Exhibit D. The Guardian shall reimburse the ceding company for its share of death and disability claims. The ceding company shall take a reserve credit and The Guardian shall hold a mirror reserve for the benefits covered under this agreement.
Appears in 8 contracts
Samples: Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co), Reinsurance Agreement (Guardian Separate Acct N of the Guardian Ins & Annuity Co)
