PREMIUM RATE GUARANTEE. The reinsurance premium rates are not guaranteed. Munich Re, U.S. (Life) reserves the right to increase its reinsurance premium rates at any time. If Munich Re, U.S. (Life) increases its rates, it shall give the Ceding Company ninety (90) days prior written notice of the change. Any increase applies only to reinsurance premiums due after the expiration of the notice period. The maximum reinsurance premiums are equal to the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates applicable at the Policy issue date and the 2001 CSO Ultimate tables. 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. If Munich Re, U.S. (Life) increases its reinsurance premium rates, in absence of the Ceding Company raising its retail premiums or cost of insurance charges, the Ceding Company may recapture the affected block of reinsured policies, without payment of a recapture fee. Each reinsured policy will be recaptured on the first date that reinsurance premium is due following the expiration of the ninety (90) day notice period. If the Ceding Company raises its retail premiums or cost of insurance charges on any in-force business reinsured under this Agreement, it shall provide Munich Re, U.S. (Life) with thirty (30) days prior written notice of the increase and will provide Munich Re, U.S. (Life) with the reasons for the increase. Munich Re, U.S. (Life) reserves the right to raise its reinsurance premium rates on such business by a corresponding amount. Any such increase in reinsurance premium rates shall become effective on the same date that the Ceding Company’s increase in retail premiums or cost of insurance charges becomes effective. Treaty #4345 Munich American Reassurance Company P a g e | 12
PREMIUM RATE GUARANTEE. Premium Rate Guarantees, if any, are as shown in Schedule I.
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 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. 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. The Reinsurer may raise YRT reinsurance premium rates for existing business only if it raises premium rates on all of the Reinsurer’s other YRT reinsurance business with all companies, except for any business on which the Reinsurer is contractually prohibited from raising rates. If the Reinsurer increases its premium rates for existing business, the Ceding Company reserves the right to recapture business affected, in whole or in part, with no recapture fee. In any event, the Reinsurer may not increase rates for either new or existing business until it has given one hundred eighty (180) days advance written notice to the Ceding Company. The Reinsurer’s rate increase or the Ceding Company’s recapture, as applicable, shall take effect on the anniversary of each policy covered by this Agreement following the aforementioned one hundred eighty (180) day notice period.
ARTICLE 6 — POLICY REDUCTIONS, TERMINATIONS AND CHANGES
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. 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. 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.
