Common use of PREMIUM RATE GUARANTEE Clause in Contracts

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. Although the The Reinsurer anticipates that the premium rates premiums and allowances shown in Exhibit D E will apply indefinitely. However, it guarantees only that the premium rates applicable following provisions apply. a. If the Company increases the current policyowner premiums on any block of policies, the Reinsurer reserves the right not to increase the business reinsured under coinsurance allowances. The occurrence of this Agreement will event does not exceed constitute a right for 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 Company to recapture the reinsured business. The Company agrees to notify the Reinsurer within ninety (90) days of any increase in its retail premium. b. If the Company decreases the current policyowner premiums on any block of policies, the Reinsurer reserves the right to decrease the coinsurance allowances such that the net coinsurance premium paid by the Company to the Reinsurer remains unchanged. The occurrence of this event does not anticipate holding any deficiency reserves on constitute a right for the business reinsured under this AgreementCompany to recapture the business. The Reinsurer may raise YRT reinsurance premium rates for existing business only if it raises premium rates on all of If the Company decreases the current policyowner premiums and the Reinsurer’s other YRT reinsurance business with all companiesadjustment to the coinsurance allowances results in a larger net coinsurance premium, except for then the Reinsurer will give the Company 90 days’ prior notice and Company has the right to immediately recapture any business on which affected by such change. c. If, after the guaranteed level premium period, the Company hasn’t adjusted policyowner premiums, the Reinsurer is contractually prohibited from raising ratesmay elect to decrease the coinsurance allowances. If the Reinsurer increases its premium rates for existing businesselects to decrease the allowances, then the Ceding Reinsurer will give the Company reserves 90 days’ prior notice and the Company has the right to immediately recapture any business affected, in whole or in part, with no affected by such change. Any 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 will be on terms mutually acceptable to the Ceding Company. The Company and to 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. 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 ; 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 may recapture 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) 180 days advance written notice to the Ceding Company. The Reinsurer’s rate increase or the Ceding Company’s recapture, as applicable, shall take takes effect on the anniversary of each policy covered by this Agreement following the aforementioned one hundred eighty (180) 180 day notice period. ARTICLE 6 — POLICY REDUCTIONS, TERMINATIONS AND CHANGES