STANDARD ANNUAL REINSURANCE PREMIUMS Sample Clauses

STANDARD ANNUAL REINSURANCE PREMIUMS. 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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STANDARD ANNUAL REINSURANCE PREMIUMS. The standard annual reinsurance premiums per $1,000 of net amount at risk for all cessions of automatic, facultative obligatory, and facultative reinsurance will be the product of the factors below and the rates in the table attached to this Schedule B. Note that the above rating classes for VUL II and PPVUL do not necessarily coincide.
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STANDARD ANNUAL REINSURANCE PREMIUMS. 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 table attached to this Schedule B. VUL 2004 & ProFunds: Underwriting Class Face amounts $100,000 and greater AND issue age 18 and greater Face amounts less than $100,000 OR issue age less than 18 Class 1 36.0% N/A Class 2 44.0% N/A Class 3 54.0% N/A Class 4 78.0% 78.0% Class 5 103.0% N/A Class 6 132.0% 132.0%
Sample 1
STANDARD ANNUAL REINSURANCE PREMIUMS. The standard annual reinsurance premiums per $1,000 of net amount at risk will be the product of the reinsurance factor, a grading factor and the June 14, 2001 version of the sex and smoker distinct, age last birthday, 2001 Valuation Basic Table attached to this Schedule B. The reinsurance factors vary by underwriting basis (Fully Underwritten, Simplified Issue, Guaranteed Issue) and underwriting class (Select Preferred, Preferred and Standard). The factors for the Select Preferred and Preferred Classes will be applied to the Non-Smoker Valuation Basic Table rates, and the factors for the Standard Class will be applied to the Smoker rates. The standard annual reinsurance factors for (1) all cessions of automatic reinsurance and (2) cessions of facultative reinsurance in the amount of $10 million or less, are shown in the following tables: For policies issued 12/31/2006 and earlier: Underwriting Basis Select Preferred (non-smoker) Preferred (non-smoker) Standard (smoker) Fully Underwritten .570 .630 .750 Simplified Issue .540 .630 .690 Guaranteed Issue .640 .730 .800 The standard annual reinsurance factors for cessions of facultative reinsurance in excess of $10 million, are shown in the following table: Underwriting Basis Select Preferred (non-smoker) Preferred (non-smoker) Standard (smoker) Fully Underwritten .627 .693 .825 Simplified Issue .594 .693 .759 Guaranteed Issue .768 .876 .960 Y-PS3-2002-MARC-PLNJ-2 For policies issued 1/1/2007 and later: Underwriting Basis Select Preferred (non-smoker) Preferred (non-smoker) Standard (smoker) Fully Underwritten .630 .690 .720 Simplified Issue .580 .670 .670 Guaranteed Issue .690 .770 .730 The standard annual reinsurance factors for cessions of facultative reinsurance in excess of $10 million, are shown in the following table: Underwriting Basis Select Preferred (non-smoker) Preferred (non-smoker) Standard (smoker) Fully Underwritten .690 .760 .790 Simplified Issue .640 .740 .740 Guaranteed Issue .830 .920 .880 For all policies: The grading factors vary by underwriting basis (Fully Underwritten, Simplified Issue, Guaranteed Issue) and duration and are shown in the following table: Y- PS3-2002-MARC-PLNJ-2
Sample 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 (2) cessions of facultative reinsurance in the amount of $5 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 1.6188 1 .347 .4338 2 .422 .5275 3 .542 .6775 4 .696 .8700 5 1.131 1.4138 6 1. 425 1.7813
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STANDARD ANNUAL REINSURANCE PREMIUMS. 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 1985-90 Basic Select & Ultimate Table attached to this Schedule B. The rates in this table are sex and smoker distinct, age last birthday. VUL 2004 & ProFunds: Underwriting Class VUL2004 and ProFunds All face amounts Class 1 - Preferred Best 40.0% Class 2 – Preferred Plus 45.0% Class 3 – Preferred Non-Smoker 50.0% Class 4 – Non-Smoker 70.0% Class 5 – Preferred Plus Smoker 85.0% Class 6 - Smoker 135.0%
Sample 1
STANDARD ANNUAL REINSURANCE PREMIUMS. 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 attached to this Schedule B. VUL 2004 & ProFunds: Class 1 36.5% 58.0% 76.0% Class 2 43.5% 58.0% 76.0% Class 3 54.5% 58.0% 76.0% Class 4 68.0% 68.0% 76.0% Class 5 100.0% 100.0% 129.0% Class 6 129.0% 129.0% 129.0% At the greater of attained age 91 or the 21st duration all classes will be 90% of the 1985-90 Select & Ultimate table.
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Related to STANDARD ANNUAL REINSURANCE PREMIUMS

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Reinsurance Premiums A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

  • Insurance Premiums Tenant shall pay or cause to be paid all premiums for the insurance coverage required to be maintained pursuant to Article 9.

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Insurance Costs (08/19) Contractor shall be financially responsible for all premiums, deductibles, self-insured retentions, and self-insurance.

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Insurance Reimbursement If you have a health insurance policy, it will usually provide some coverage for mental health treatment. I will facilitate your receipt of the benefits to which you are entitled including filling out forms and speaking with insurance representatives. You will be held responsible for full payment of our agreed upon fee should your insurance company deny benefits or should your coverage lapse. Therefore, it is very important that you find out exactly what mental health benefits your insurance policy covers. Read your plan carefully and call your service representative if you have questions. Many insurance plans require advance authorization before they will provide reimbursement for mental health services. These plans often are oriented toward a short-term model and provide only a certain amount of sessions per year. Many insurance companies may only authorize a few sessions at a time and I will need to periodically call them to authorize additional sessions. When I call to authorize treatment or continue our sessions, I will provide them with the minimum amount of information needed, usually including a diagnosis, goals for treatment, and a brief summary of your current functioning. It is possible, but very rare, that they would require a copy of my clinical record. This information will become part of insurance company files and is likely to be computerized. All insurance companies claim to keep such information confidential, but once it is in their hands, I have no control over what they do with it. In some cases, they may share the information with a national medical information data bank. By signing this Agreement, you agree that I can provide requested information to your insurance carrier. If you request it, I will provide you with a copy of any report that I am asked to submit. I make it my policy to inform you along the way of where we stand with your insurance company and what kind of information they have requested. Should insurance coverage end for some reason, we can discuss an out-of-pocket session fee. You can always choose to select this option and have the right to pay for my services yourself to avoid the complexities of the insurance industry.

  • Duration of Insurance Contribution An employee is eligible for School District contributions as provided in this Article as long as an employee is employed by the School District. Employees whose employment terminates during the school year will be eligible for insurance and district contributions to insurance through the end of the month in which they terminate provided they pay the employee portion of the insurance premium for that month. Otherwise, the employee’s insurance will terminate as of the last day of employment.

  • Insurance Reserves Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the insurance premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor's sole responsibility.

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