Rates on automatic cases Sample Clauses

Rates on automatic cases. Both 2001CSO and 80CSO products – Single Life with policy issued under ANB basis Both 2001CSO and 80CSO products – Joint Life with policy issued under ANB basis Survivorship premiums will be calculated by applying the above rates for each life to the appropriate table, frasierizing, and applying a $xx/1000 minimum. In the event one life is determined to be uninsurable: · The policy will be automatically reinsured only if the insurable life falls within the Automatic Binding Limits for the appropriate age and underwriting class. · The reinsurance premium shall be computed on the age and premium rates applicable to the insured risk.