PREMIUM RATE GUARANTEE. Premium Rate Guarantees, if any, are as shown in Schedule I.
PREMIUM RATE GUARANTEE. The Life Reinsurance Premium rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept Premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, then it shall provide the Ceding Company with underlying basis for the rate increase. In no event will such increased premium rates be higher than the greater of (a) the rates in Exhibit D – Reinsurance Rates or (b) For products that have not adopted the 2017 CSO Loaded Sex & Smoker Distinct, Select & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using the applicable statutory minimum valuation select and ultimate mortality table and statutory maximum interest rate for the reinsured business for each year of issue; or For products that have adopted the 2017 CSO Loaded Sex & Smoker Distinct, Select & Ultimate Age Nearest Birthday mortality table: the valuation net premiums for annual renewable term insurance calculated using a multiple of 125% of the 2017 CSO Loaded Sex & Smoker Distinct, Ultimate Only, Preferred Structure, Age Nearest Birthday mortality table and statutory maximum interest rate for the reinsured business for each year of issue. An additional mortality load consistent with pricing will be applied to non-standard risks including but not limited to conversions, post-level term, and substandard policies. For inforce blocks of business, if an increase in reinsurance rates occurs on a guaranteed product that is reinsured on non-guaranteed terms, the Ceding Company, with prior written notice to the Reinsurer has the right to recapture the business to which such increase applies as of the effective date of the increase in reinsurance rates. For inforce blocks of business, if an increase in reinsurance rates occurs on a non-guaranteed product that is reinsured on non-guaranteed terms, the Ceding Company should investigate the possibility of increasing its direct pricing or charges to restore the product to previous profitability. If the Ceding Company determines that it cannot reasonably implement such a pricing increase, then, with prior written notice to the Reinsurer, it has the right to recapture the business to which such increase applies as of the effective date of the increase in reinsurance rates.
PREMIUM RATE GUARANTEE. The Ceding Company agrees to notify the Reinsurer of any intent to increase current cost of insurance rates charged for new or existing business. For the reinsurance of new business, the Reinsurer reserves the right to change reinsurance rates after 90 days written notice. For the ongoing reinsurance of existing in force business, the Reinsurer will accept YRT reinsurance at the current reinsurance premium rates, as shown in Exhibit D, unless the Ceding Company increases the current cost of insurance rates charged to the policyholder. [terms of rate guarantee redacted] IDSL-NY Succession Select Treaty
PREMIUM RATE GUARANTEE. Although the Reinsurer anticipates that the premium rates in Exhibit D will apply indefinitely, it guarantees only that the premium rates applicable to the business reinsured under this Agreement will not exceed the greater of: (1) the reinsurance premium rates specified in Exhibit D, or (2) the YRT net premiums at the applicable statutory minimum valuation mortality table and statutory maximum interest rate for the reinsured business. The Reinsurer does not anticipate holding any deficiency reserves on the business reinsured under this Agreement.
PREMIUM RATE GUARANTEE. The Reinsurer anticipates continuing to accept premiums on the basis of the rates shown in Exhibit E, however, the life reinsurance rates in this Agreement cannot be guaranteed for more than one year. [REDACTED]
PREMIUM RATE GUARANTEE. The Reinsurer anticipates continuing to accept premiums on the basis of the rates shown in Exhibit B, however, the Reinsurer can only guarantee that the life reinsurance premium rates payable under this Agreement shall not exceed the one-year term net premiums computed on the 1980 CSO Mortality Table at the maximum valuation interest rate allowable for the policies reinsured.
PREMIUM RATE GUARANTEE. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that its right to increase reinsurance premium rates as shown in Exhibit D, or any amendment thereto, is subject to the following conditions. Reinsurer represents that the reinsurance premium rates charged for existing business under this treaty are intended to remain in force for an indefinite period and that Reinsurer has no current plans to raise such rates. Reinsurer will use commercially reasonable efforts to maintain the existing reinsurance premium rates but reserves the right to change rates if necessary to maintain the financial stability of the company or the block of reinsured business. Reinsurer may raise reinsurance premium rates for existing business only if the rate action is part of and consistent with a general re-pricing of the Reinsurer's portfolio of reinsurance plans for all Comparable Reinsurance Commitments. In this regard, Reinsurer warrants that any increase in reinsurance premium rates for existing business shall be no greater in percentage than the increase in rates for other policies reinsured by Reinsurer pursuant to contracts or treaties with other insurance companies subject to the Comparable Reinsurance Commitment.
PREMIUM RATE GUARANTEE. MARC does not guarantee the premium rates for more than one (1) year; hence deficiency reserves are not required.
PREMIUM RATE GUARANTEE. Although the Reinsurer anticipates that the premium rates in Exhibit D will apply indefinitely, it guarantees only that the premium rates applicable to the business reinsured under this Agreement will not exceed the greater of: [*] For substandard policies, an additional mortality load of [*] per table rating and any flat extra will be applied to the applicable premium rate guarantee, as specified above. The premium rate guarantee for other non-standard risks will include an additional load to be determined by mutual agreement of the parties to this Agreement.
PREMIUM RATE GUARANTEE. The Reinsurer anticipates continuing to accept premiums on the basis of the rates shown in Exhibit E; however, the Reinsurer can only guarantee that the life insurance premium rate payable under this Agreement will not exceed the one-year term net premiums computed on the statutory minimum valuation mortality table at the maximum valuation interest rate allowable for the policies reinsured.
