Common use of Rate Guarantee Clause in Contracts

Rate Guarantee. The YRT reinsurance rates are guaranteed for one year and are guaranteed not to exceed the U.S. statutory net valuation premium applicable to the reinsured policies, calculated using the appropriate guaranteed mortality table and interest assumption. The Reinsurer may increase its reinsurance premiums following [*] on any business reinsured under this Agreement. The Company will provide written notice to Reinsurer of such an increase within sixty (60) days following the date that such [*]. The amount of Reinsurer’s increase in its reinsurance premiums will be [*]. At any time during the twelve month period following such an increase in reinsurance premiums as outlined above, the Company shall have the right, at its option, to recapture all, but not less than all, of the Reinsured Policies on which reinsurance premiums have been so increased, regardless of the issue date.

Rate Guarantee. The YRT reinsurance rates are guaranteed for one year and are guaranteed not to exceed the U.S. statutory net valuation premium applicable to the reinsured policies, calculated using the appropriate guaranteed mortality table and interest assumption. The Reinsurer may increase its reinsurance premiums following [*] on any business reinsured under this Agreement. The Company will provide by providing written notice to Reinsurer of such an increase the Company within sixty (60) 60 days following prior to the date that such [*]. The amount of Reinsurer’s the increase in its reinsurance premiums is to be put into effect, provided any increase will only be implemented pursuant to a [*]. At any time during the twelve month period following such an increase in reinsurance premiums as outlined above, the Company shall have the right, at its option, to recapture all, but not less than all, of the Reinsured Policies on which reinsurance premiums have been so increased, regardless of the issue date.