Common use of RATES AND CALCULATION Clause in Contracts

RATES AND CALCULATION. The reinsurance premiums per $1000 are shown in Schedule B. Reinsurance premiums for renewals will be calculated using (1) the issue age of the insured, (2) the duration since issuance and (3) the current underwriting classification. Reinsurance premiums for any face amount increases are calculated using (1) the age of the insured as of the effective date of the increase, (2) the duration since the effective date of the increase and (3) the current underwriting classification.

RATES AND CALCULATION. The reinsurance premiums per $1000 are shown in Schedule B. Reinsurance premiums for renewals will be calculated using (1) the issue age of the insured, under the policy, (2) the duration since issuance of the policy and (3) the current underwriting classification. Reinsurance premiums for any face amount increases are calculated using (1) this Agreement will be based on the age of the insured as of the effective date of the increaserating class in accordance with THE COMPANY’S normal underwriting rules, (2) the duration since the effective date of the increase exceptions and (3) the current underwriting classificationissue practices.