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. 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. 9 13. REVISION OF PREMIUM RATES ........................................................................... 9
Reinsurance Premium Rates. The premium rates per thousand of reinsurance amount at risk shall be the percentages in E.3 below the GUL II/GVUL II YRT Basis (attached as Addendum A): • percentages are applied to the “ ” rates • percentages are applied to the “ ” rates • percentages are applied to the “ ” rates Reinsurance premiums are payable . However, the Ceding Company may choose to . Such .
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.
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.
