RISK RETENTION LIMITS Sample Clauses

The "Risk Retention Limits" clause defines the maximum amount of risk or financial loss that a party, typically an insured, agrees to retain before insurance coverage or indemnification applies. In practice, this means the party is responsible for losses up to a specified dollar amount, such as a deductible or self-insured retention, with the insurer or indemnifying party covering losses above that threshold. This clause is essential for allocating risk between parties, encouraging prudent risk management, and potentially reducing insurance premiums by limiting the insurer's exposure to smaller, more frequent claims.
RISK RETENTION LIMITS. The total amount of insurance retained on an individual life for THE COMPANY and its affiliates will not exceed the risk retention limits in the following tables.
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RISK RETENTION LIMITS. The total amount of insurance in force and applied for on an individual life for PRUCO and its affiliates will not exceed the risk retention limits in the following table. ================================================================ Issue Age of Insured Pref. Best - Class D Class E - H ================================================================ Ages: 18 - 65 $ 10,000,000 $ 10,000,000 ---------------------------------------------------------------- 66 - 70 $ 10,000,000 $ 10,000,000 ---------------------------------------------------------------- 71 - 75 $ 10,000,000 $ 10,000,000 ---------------------------------------------------------------- 76 - 77 $ 10,000,000 $ 5,000,000 ---------------------------------------------------------------- 78 - 80 $ 5,000,000 $ 2,500,000 ---------------------------------------------------------------- 81 - 85 $ 2,500,000 $ 1,000,000 ---------------------------------------------------------------- 86 - 90 $ 1,000,000 None ================================================================ SCHEDULE B AUTOMATIC AND FACULTATIVE REINSURANCE PREMIUMS -------------------------------------------------------------------------------- 1. STANDARD ANNUAL REINSURANCE PREMIUMS The standard annual reinsurance premiums per $1,000 of net amount at risk for (1) all cessions of automatic reinsurance and facultative obligatory reinsurance and (2) all cessions of facultative reinsurance in the amount of $10 million or less will be the product of the rates in the table attached to this Schedule B and the following factors: 1. 260 ================================================================ 1. 473 ================================================================ The standard annual reinsurance premiums per $1,000 for cessions of facultative obligatory reinsurance and facultative reinsurance in excess of $10 million will be the product of the rates in the table attached to this Schedule B and the following factors: ================================================================ Rating Class Factor ================================================================ 1 .420 ---------------------------------------------------------------- 2 .420 ---------------------------------------------------------------- 3 .720 ---------------------------------------------------------------- 4 .720 ---------------------------------------------------------------- 5 1.270 ---------------------------------------------------------------- 6 1.500 ===============...
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RISK RETENTION LIMITS. The total amount of insurance retained on an individual life for THE COMPANY and its affiliates will not exceed the risk retention limits in the following tables: Non-Smoker: Smoker:
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RISK RETENTION LIMITS. The total amount of insurance retained on both lives for THE COMPANY and its affiliates will not exceed the risk retention limits in the following table. No Smokers ============================================================================ Highest Rating Class ================== ============================================================================ ================== ================ =================== ================== ==================== Oldest Issue Age No Substandard Class A - D Class E - H Greater than Class of Insured Rating H ------------------ ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- Ages: 18 - 65 $50,000,000 $35,000,000 $25,000,000 $20,000,000 -------- ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- 66 - 70 $35,000,000 $22,000,000 $16,000,000 $13,000,000 --------- -------- ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- 71 - 75 $20,000,000 $13,000,000 $10,000,000 $ 8,000,000 --------- -------- ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- 76 - 80 $15,000,000 $10,000,000 $ 7,000,000 $ 5,000,000 --------- -------- ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- 81 - 85 $10,000,000 $ 8,000,000 $ 5,000,000 $ 3,000,000 --------- -------- ---------------- ------------------- ------------------ -------------------- --------- -------- ---------------- ------------------- ------------------ -------------------- 86 - 90 $ 5,000,000 $ 4,000,000 $ 3,000,000 $ 2,000,000 ========= ======== ================ =================== ================== ==================== One Smoker ============================================================================ Highest Rating Class ================== ============================================================================ ================== ================ =================== ================== ==================== Oldest Issue Age No Substandard Class A - D Class E - H Greater than ...
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RISK RETENTION LIMITS. The total amount of insurance retained on an individual life for THE COMPANY and its affiliates will not exceed the risk retention limits in the following tables: Non-Smoker: Issue Age No Substandard Rating Rating Class A-D Rating Class E-H Smoker: Issue Age No Substandard Rating Rating Class A-D Rating Class E-H
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RISK RETENTION LIMITS. [REDACTED] AUTOMATIC AND FACULTATIVE REINSURANCE PREMIUMS 1. STANDARD ANNUAL REINSURANCE PREMIUMS [REDACTED] 2. SUBSTANDARD ANNUAL REINSURANCE PREMIUMS [REDACTED] 3. FLAT EXTRA REINSURANCE PREMIUMS [REDACTED] 4. AGE BASIS
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RISK RETENTION LIMITS. The total amount of insurance retained on an individual life for THE COMPANY and its affiliates will not exceed the risk retention limits in the following tables: Non-Smoker: Smoker: [Missing Graphic Reference] The standard annual reinsurance premiums per $1,000 of net amount at risk for all cessions of automatic and facultative reinsurance will be the product of the factors below and the rates in the reference table attached to this Schedule B. The reference table is the sex and smoker distinct, 2001 Valuation Basic Table (June 14, 2001 version).
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RISK RETENTION LIMITS. The total amount of insurance retained on an individual life for PRUCO and its affiliates will not exceed the risk retention limits in the following tables.
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RISK RETENTION LIMITS. The total amount of insurance in force and applied for on an individual life for PRUCO and its affiliates will not exceed the risk retention limits in the following table. ============================================================== Issue Age of Insured Pref. Best - Class D Class E - H Ages: 18 - 65 $ 10,000,000 $ 10,000,000 66 - 70 $ 10,000,000 $ 10,000,000 71 - 75 $ 10,000,000 $ 10,000,000 76 - 77 $ 10,000,000 $ 5,000,000 78 - 80 $ 5,000,000 $ 2,500,000 81 - 85 $ 2,500,000 $ 1,000,000 86 - 90 $ 1,000,000 None ============================================================== SCHEDULE B AUTOMATIC AND FACULTATIVE REINSURANCE PREMIUMS -------------------------------------------------------------------------------- 1. STANDARD ANNUAL REINSURANCE PREMIUMS The standard annual reinsurance premiums per $1,000 of net amount at risk for (1) all cessions of automatic reinsurance and facultative obligatory reinsurance and (2) all cessions of facultative reinsurance in the amount of $2 million or less will be the product of the rates in the table attached to this Schedule B and the following factors: 6 1. 295 ============================================================== 6 1. 473 ============================================================== The standard annual reinsurance premiums per $1,000 for cessions of facultative obligatory reinsurance and facultative reinsurance in excess of $2 million will be the product of the rates in the table attached to this Schedule B and the following factors: 6 1. 420 ==============================================================
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Related to RISK RETENTION LIMITS

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • Transaction Limits You understand and acknowledge that your use of the Services is subject to a limit on volume (in fiat currency terms) that you may transact in a given time period. Such limits may vary, at our sole discretion, depending on a variety of factors, and we may apply higher limits to certain Account holders at our discretion.

  • Dollar Limits Per Service Agreement Cost to diagnose, repair and/or replace - Per covered appliance $3,000

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Individual Flexibility Arrangement ‌ 12.1 An Employer and Employee covered by this Agreement may agree to make an individual flexibility arrangement to vary the effect of terms of the Agreement if:‌ (a) the arrangement deals with one (1) or more of the following matters: (i) arrangements for when work is performed; (ii) overtime rates; (iii) penalty rates; (iv) allowances; (v) leave loading; and (b) the arrangement meets the genuine needs of the Employer and Employee in relation to one (1) or more of the matters mentioned in subclause 12.1; and (c) the arrangement is genuinely agreed by the Employer and Employee. 12.2 The Employee may appoint a representative for the purposes of the procedure in this clause 12, including the Union. Except as provided in subclause 12.5(c), the arrangement must not require the approval or consent of a person other than the Employer and the individual Employee. 12.3 The Employer must ensure that the terms of the individual flexibility arrangement: (a) are about permitted matters under section 172 of the Act; (b) are not unlawful terms under section 194 of the Act; and (c) result in the Employee being better off overall than the Employee would be if no arrangement was made. 12.4 Where the Employee’s understanding of written English is limited, the Employer will take measures, including translation into an appropriate language, to ensure the Employee understands the proposed individual flexibility arrangement. 12.5 The Employer must ensure that the individual flexibility arrangement: (a) is in writing; (b) includes the name of the Employer and Employee; (c) is signed by the Employer and the Employee and, if the Employee is under 18 years of age, the Employee’s parent or guardian;‌ (d) includes details of: (i) the terms of the Agreement that will be varied by the arrangement; (ii) how the arrangement will vary the effect of the terms; and (iii) how the Employee will be better off overall in relation to the terms and conditions of their employment as a result of the arrangement; and (e) states the date the arrangement commences 12.6 The Employer must give the Employee a copy of the individual flexibility arrangement within 14 days after it is agreed to. 12.7 The Employer or Employee may terminate the individual flexibility arrangement: (a) by giving no more than 28 days written notice to the other party to the arrangement; or if the Employer and Employee agree in writing – at any time.