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, facultative obligatory, and facultative reinsurance will be the product of the factors below and the rates in the table attached to this Schedule B. VUL II Underwriting Class Face Amount $50,000 - $99,999 Face Amounts $100,000 - $249,000 Face Amount $250,000 - $999,999 Face Amounts $1,000,000 and Greater Ages 0 - 69 Ages 70+ Ages 0 - 69 Ages 70+ Ages 0 - 69 Ages 70+ Ages 0 - 69 Ages 70+ Class 1 NA NA 45.59% 58.53% 42.65% 55.49% 41.67% 53.53% Class 2 NA NA 55.00% 60.59% 50.78% 56.47% 49.12% 54.12% Class 3 NA NA 68.14% 70.20% 63.73% 65.88% 61.67% 63.73% Class 4 153.24% 172.06% 92.06% 81.57% 85.10% 77.16% 77.06% 74.90% Class 5 NA NA 91.47% 89.22% 83.92% 81.76% 78.43% 75.20% Class 6 131.18% 141.76% 106.67% 103.92% 102.75% 99.90% 93.53% 89.71% PPVUL Underwriting Class Ages 18 - 69 Ages 70+ Class 1 45.3% 55.4% Class 2 64.2% 66.2% Class 3 74.0% 74.0% Class 4 88.2% 88.2% 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 reference table attached to this Schedule B. The reference table is the sex and smoker distinct, 2001 Valuation Basic Table (June 14, 2001 version). [REDACTED] YRT-VUL 2008 -2008-SGL(TX)-PICA-2 In witness of the above, THE COMPANY and THE REINSURER have by their respective officers executed and delivered this Agreement in duplicate, each of which shall be deemed an original but both of which together shall constitute one and the same instrument, on the dates indicated below. THE PRUDENTIAL INSURANCE COMPANY OF AMERICA SCOR GLOBAL LIFE RE INSURANCE COMPANY OF TEXAS By:________________________________ By:______________________________ Title:_______________________________ Title:_____________________________ Date:_______________________________ Date:_____________________________ By:________________________________ By:______________________________ Title:_______________________________ Title:_____________________________ Date:_______________________________ Date:_____________________________ YRT-VUL 2008 -2008-SGL(TX)-PICA-2
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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 reference table attached to this Schedule B. The reference table is the sex and smoker distinct, 2001 Valuation Basic Table (June 14, 2001 version). Underwriting Class Male Female Ages 0 - 39 Ages 40 - 69 Ages 70 + Ages 0 - 39 Ages 40 - 69 Ages 70 + Face Amounts $500,000 – $999,999 Class 1 47.5% 41.5% 40.8% 47.5% 40.5% 51.0% Class 2 52.2% 46.2% 46.2% 54.5% 45.5% 57.5% Class 3 73.5% 65.0% 66.3% 75.0% 65.8% 83.6% Class 4 85.5% 77.3% 79.0% 87.5% 78.3% 100.0% Class 5 69.5% 69.3% 64.0% 69.5% 63.3% 90.3% Class 6 91.5% 91.5% 86.5% 91.5% 82.8% 123.0% Face Amounts $1,000,000 and Greater Class 1 45.5% 40.8% 40.5% 47.3% 40.5% 50.5% Class 2 50.5% 45.8% 46.0% 54.2% 45.5% 56.2% Class 3 71.3% 65.0% 64.6% 73.2% 63.3% 82.6% Class 4 84.5% 77.8% 78.3% 88.0% 74.5% 98.8% Class 5 68.8% 67.5% 63.3% 68.0% 62.0% 91.0% Class 6 90.0% 89.3% 84.5% 88.0% 81.0% 123.0%
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: Policy Year Fully Underwritten Simplified Issue Guaranteed Issue 1 100.00% 150.00% 175.00% 2 100.00% 147.50% 171.25% 3 100.00% 145.00% 167.50% 4 100.00% 142.50% 163.75% 5 100.00% 140.00% 160.00% 6 100.00% 137.50% 156.25% 7 100.00% 135.00% 152.50% 8 100.00% 132.50% 148.75% 9 100.00% 130.00% 145.00% 10 100.00% 127.50% 141.25% 11 100.00% ...
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 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%
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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: Rating Class Factor 1 .315 .3940 2 .384 .4800 3 .493 .6163 4 .633 .7913 5 1.028 1.2850
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 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
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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 attached to this Schedule B. VUL 2004 & ProFunds: All face amounts Underwriting Class Ages 18-69 Ages 70-79 Ages 80-90 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. Computation Reinsurance Premiums under this Agreement shall be calculated as described in Exhibit I.

  • 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 A. As premium for each excess layer of reinsurance coverage provided by this Contract, the Company shall pay the Reinsurer the greater of the following:

  • Forced-Placed Insurance Premiums No contract relating to any Receivable has had forced-placed insurance premiums added to the amount financed.

  • Insurance Costs Any and all insurance charges of or relating to all insurance policies and endorsements deemed by Landlord to be reasonably necessary or desirable and relating in any manner to the protection, preservation, or operation of the Building or any part thereof.

  • 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 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.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by the Ceding Company on the Plans of Insurance shown in Schedule A. Such Plans of Insurance shall be reinsured with the Reinsurer on an automatic basis, subject to the requirements set forth in Section A below, or on a facultative basis, subject to the requirements set forth in Section B below, or on a facultative obligatory basis, subject to the requirements set forth in Section C below. The specifications for all reinsurance under this Agreement are provided in Schedule B.

  • Maintenance of Primary Insurance Coverage (a) The Master Servicer shall not take, or permit any Subservicer to take, any action which would result in noncoverage under any applicable Primary Insurance Policy of any loss which, but for the actions of the Master Servicer or Subservicer, would have been covered thereunder. To the extent coverage is available, the Master Servicer shall keep or cause to be kept in full force and effect each such Primary Insurance Policy until the principal balance of the related Mortgage Loan secured by a Mortgaged Property is reduced to 80% or less of the Appraised Value at origination in the case of such a Mortgage Loan having a Loan-to-Value Ratio at origination in excess of 80%, provided that such Primary Insurance Policy was in place as of the Cut-off Date and the Master Servicer had knowledge of such Primary Insurance Policy. The Master Servicer shall not cancel or refuse to renew any such Primary Insurance Policy applicable to a Nonsubserviced Mortgage Loan, or consent to any Subservicer canceling or refusing to renew any such Primary Insurance Policy applicable to a Mortgage Loan subserviced by it, that is in effect at the date of the initial issuance of the Certificates and is required to be kept in force hereunder unless the replacement Primary Insurance Policy for such canceled or non-renewed policy is maintained with an insurer whose claims-paying ability is acceptable to each Rating Agency for mortgage pass-through certificates having a rating equal to or better than the lower of the then-current rating or the rating assigned to the Certificates as of the Closing Date by such Rating Agency.

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