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.
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 ===============...
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:
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 ...
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
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
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).
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.
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 ==============================================================