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 annually and shall be equal to the face amount less the Company's retention.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
Plan of Reinsurance. A. Reinsurance of Life risks shall be on the risk premium basis. The reinsured risk amount on the policy reinsured shall be calculated annually and shall be equal to the face amount death benefit less the cash value less the Company's retention.
Appears in 6 contracts
Samples: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)
Plan of Reinsurance. A. Reinsurance of 1. Life risks reinsurance shall be on the risk premium basis. The reinsured risk amount on the policy reinsured shall be calculated annually in advance and shall be equal to the face amount death benefit less the cash value less the Company's retention.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13)
