Substandard Risks. The substandard extra reinsurance premium rate per $1,000 for one table (25% mortality) is 25% of the standard rate. The extra reinsurance premium for additional tables is the corresponding multiple of the extra reinsurance premium for one table. When a flat extra premium is charged by THE COMPANY, a flat extra reinsurance premium is paid at the same rate and for the same period.
Appears in 3 contracts
Samples: Automatic Reinsurance Agreement (US Alliance Corp), Automatic Reinsurance Agreement (Midwest Holding Inc.), Automatic Reinsurance Agreement (Midwest Holding Inc.)
Substandard Risks. Substandard reinsurance premiums shall be paid on policies which have been underwritten as a substandard risk. The substandard extra reinsurance premium rate per $1,000 for one table (25% mortality) is 25% of the standard rate. The extra reinsurance premium for additional tables is the corresponding multiple of the extra reinsurance premium rate for one table. When a flat extra premium is charged by THE COMPANY, a flat extra reinsurance premium is paid at the same rate and for the same period.
Appears in 2 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.)
