Common use of Plan of Reinsurance Clause in Contracts

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to North American Re a portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafterretention thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month. However, increases in the reinsured risk amount shall be limited to an ultimate maximum of $1,000,000.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month. However, increases in the reinsured risk amount shall be limited to an ultimate maximum of $1,000,000.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to North American Re a the portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to North American Re a portion of the initial risk amount in excess of its retention. Thereafter, the Ceding Company and North American Re shall keep the same proportionate shares of the risk amount developed each month.

Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The risk amount on the policy reinsured shall be calculated monthly and shall be equal to the death benefit less the cash value. At the time of issue, the Ceding Company shall cede to the North American Re a the portion of the initial risk amount in excess of its retention. Thereafterretention thereafter, the Ceding Company and the North American Re shall keep the same proportionate shares of the risk amount developed each month.