RATES NOT GUARANTEED. THE REINSURER reserves the right to change the rates at any time. If THE REINSURER changes the rates, it will give THE COMPANY a 90-day prior written notice of the change. Any change applies only to reinsurance premiums due after the expiration of the notice period. In addition, any change in rates will be submitted to New Jersey in accordance to N.J.S.A. 17:27A-3 and 4. THE REINSURER further agrees that THE COMPANY’s right of recapture under the ‘RECAPTURE’ section of this Agreement will be triggered if THE COMPANY deems a rate change unacceptable.
Appears in 4 contracts
Samples: Automatic Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Automatic Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account), Automatic Yearly Renewable Term Reinsurance Agreement (Pruco Life of New Jersey Variable Appreciable Account)
RATES NOT GUARANTEED. THE REINSURER reserves the right to change the rates at any time. If THE REINSURER changes the rates, it will give THE COMPANY a 90-day prior written notice of the change. Any change applies only to reinsurance premiums due after the expiration of the notice period. In addition, any change in rates will be submitted to New Jersey in accordance to N.J.S.A. 17:27A-3 and 4. THE REINSURER further agrees that THE COMPANY’s 's right of recapture under the ‘RECAPTURE’ section Section 17 of this Agreement will be triggered if THE COMPANY deems a rate change unacceptable.
Appears in 1 contract
Samples: Yearly Renewable Term Reinsurance Agreement (Prudential Variable Appreciable Account)
