Reinsurance Premium Rates. A. Plans of insurance listed in Schedule A will be reinsured on a yearly renewable term basis for the Net Amount At Risk on that portion of the policy which is reinsured with the REINSURER.
B. The CEDING COMPANY will pay the REINSURER the reinsurance premiums described in Schedule B.
C. The REINSURER shall not reimburse the CEDING COMPANY for state premium taxes the latter may be required to pay on reinsurance ceded.
D. Although the Reinsurer anticipates that the premium rates in Schedule B 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 Schedule B, and
2. YRT net premiums at the applicable statutory minimum valuation mortality table and statutory maximum interest rate for the reinsured business. If the REINSURER exercises its right to increase reinsurance premiums under this Agreement in an amount greater than that required to ensure that the REINSURER will participate in its share of any increases in premium rates, costs, charges or fees as implemented by the CEDING COMPANY for the reinsured policies, the CEDING COMPANY may recapture all of the reinsured policies on which reinsurance rates have been increased regardless of the reinsured policies’ duration in force. If the CEDING COMPANY elects to recapture reinsurance under this provision, unearned premiums, net of outstanding balances, will be paid by the party with the positive balance.
Reinsurance Premium Rates. The Reinsurance Premium Rates applicable to each of the GMDB Types are as follows.
Reinsurance Premium Rates. 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.
Reinsurance Premium Rates. 8 a. ......
Reinsurance Premium Rates. 8 13. PAYMENT OF REINSURANCE PREMIUMS...................................................................... 9
Reinsurance Premium Rates. 9 13. REVISION OF PREMIUM RATES ........................................................................... 9
Reinsurance Premium Rates. The monthly Reinsurance Premiums due from the Company to the Reinsurer shall be calculated at the end of each calendar month based on the Amount Reinsured under each Reinsured Plan as of its Monthiversary falling in that calendar month. The Company shall pay to the Reinsurer the Reinsurance Premiums on a monthly renewable term basis at one twelfth of the applicable annual Reinsurance Premium Rates set forth in Schedule I. The Reinsurance Premium Rates are guaranteed by the Reinsurer except where a particular rate is less than the applicable rate set forth in the Table of Guaranteed Maximum Life Insurance Rates of the reinsured policies; in that case, to the extent of such shortfall, such particular rate shall only be guaranteed for one Policy Year, so that the Reinsurer need not maintain deficiency reserves in connection with such Reinsurance Premiums payable pursuant to this Agreement. Nevertheless, Reinsurer shall anticipate continuing to accept reinsurance on the basis of the Reinsurance Premium Rates for all Reinsured Plans that were originally ceded pursuant to such rates.
Reinsurance Premium Rates. Reinsurance premiums will be paid annually in advance, based on the annual reinsurance premiums for those Policies crossing their anniversaries in the reporting month. First year premium rates are [ ]. Reinsurance premium rates are attached in Addendum A. Reinsurance premiums will be paid to the Reinsurer until death, Policy maturity/expiry, lapse or [ ], unless otherwise mutually agreed to in writing. There is no additional reinsurance premium payable for reinsured riders, except to the extent that for any reinsured riders which increase the reinsured net amount at risk, such increases shall be paid for at the same point-in-scale premium rates as the base plan.
Reinsurance Premium Rates. Fully Underwritten Issues Standard Risks The monthly reinsurance premium shall be the attached Guaranteed Maximum cost of insurance rates charged the insured per thousand of the net amount at risk times the following percentages based on an age last calculation: Automatic and Capacity Facultative* Policy Year 1 2+ ------- ------ Non-Capacity Facultative** Policy Year 1 2+ ------- ------ Substandard Risks The substandard table extra premiums shall be the number of tables assessed the risk times [percentage] of the attached appropriate standard rates times the above percentages. * Capacity facultative reinsurance is that reinsurance for which the REINSURED made facultative application to no reinsurer other than the [NAME OF REINSURANCE COMPANY] and on which the REINSURED retains its full limit of retention for the plan, age at issue, and mortality classification of the policy. ** Non-capacity facultative reinsurance is that reinsurance for which the REINSURED made facultative application to reinsurers other than the [NAME OF REINSURANCE COMPANY] and on which the REINSURED retains less than its full limit of retention for the plan, age at issue, and mortality classification of the policy. PREMIUM SCHEDULE, PART II (CONTINUED) Continuations to Issues Reinsured Hereunder The reinsurance premium for policies reinsured under this agreement as continuations shall be the appropriate premium described in this agreement; unless the reinsurance agreement under which the original policy was reinsured specifies otherwise, the policy duration and attained age of the insured for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. Continuations from Issues Reinsured Hereunder The reinsurance premium for continuations of policies reinsured under this agreement shall be as described in the agreement which covers the new policy; unless that agreement specifies otherwise, the policy duration and attained age of the insured, for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. If no such agreement is in effect between the [NAME OF REINSURANCE COMPANY] and the REINSURED, reinsurance shall continue hereunder. Continuation Policy Fee If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining...
Reinsurance Premium Rates. STANDARD AND SUBSTANDARD PREMIUMS: Allianz Life anticipates that the yearly renewable term rates attached in Schedule C will be continued indefinitely for all individual life reinsurance cessions to which such rates shall apply. However, if any one or more of such premium rates for any policy year or years after the first shall be less than the net premium rate or rates based on the 1980 CSO Table at 3% interest for the applicable mortality rating, only the latter rate or rates shall be guaranteed by Allianz Life.