YEARLY RENEWABLE TERM PREMIUMS Sample Clauses

YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Schedule A will be reinsured on the yearly renewable term basis for the net amount at risk as described in Schedule C, on that portion of the policy which is reinsured with the REINSURER. B. Yearly renewable term premiums for Life Reinsurance will be based on the rates and allowances described in Exhibit II. C. Yearly renewable term premiums will be increased by an flat extra premium charged the insured on the face amount initially reinsured, as described in Exhibit II. D. The REINSURER shall not reimburse the CEDING COMPANY for state premium taxes the latter may be required to pay on reinsurance ceded. E. For technical reasons, the Life reinsurance rates cannot be guaranteed for more than one year. However, the REINSURER anticipates continuing to accept premiums on the basis of the rates as described in Exhibit II for reinsurance ceded at these rates. If the REINSURER deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for yearly renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
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YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis for the net amount at risk on that portion of the policy which is reinsured with GENERAL AMERICAN. B. Premiums for Life reinsurance and reinsurance of supplemental benefits will be based on the rates and allowances described in Exhibit C. C. Where flat extra premiums are charged by the CEDING COMPANY to an insured, such flat extra premium shall be ceded to GENERAL AMERICAN in the same proportion as that applicable to the face amount reinsured in accordance with Exhibit A. D. There will be no premium tax reimbursement. E. The Life Reinsurance rates contained in this Agreement are guaranteed for one year, and GENERAL AMERICAN anticipates continuing to accept premiums on the basis of these rates indefinitely. If GENERAL AMERICAN deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for annually renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
Sample 1
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis with the REINSURER participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the policy which is reinsured with the REINSURER.
Sample 1
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis for the net amount at risk on that portion of the policy which is reinsured with GENERAL AMERICAN. B. Reinsurance premiums will be based on the rates as described in Exhibit C. C. All reinsurance premiums paid to GENERAL AMERICAN by the CEDING COMPANY shall be subject to a state premium tax reimbursement. The method of calculating the state premium tax reimbursement shall be to determine an average tax rate paid by the CEDING COMPANY, and then to apply this tax rate against the reinsurance premiums paid. Such tax rate shall be the ratio of total state premium taxes paid to total ordinary premiums received by the CEDING COMPANY. State premium tax reimbursement shall continue to be paid annually, so long as the current method of paying state premium taxes remains unchanged. D. For technical reasons, the Life reinsurance rates cannot be guaranteed for more than one year. However, GENERAL AMIERCAN anticipates continuing to accept premiums on the basis of the rates as described in Exhibit C for reinsurance ceded at these rates.
Sample 1
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis with the Reinsurer participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the policy which is reinsured with the Reinsurer. B. Premiums for Life Reinsurance and reinsurance of Supplemental Benefits will be based on the rates described in Exhibit C. C. There will be no premium tax reimbursement. D. The Life Reinsurance rates contained in this Agreement are guaranteed for one year, and the Reinsurer anticipates continuing to accept premiums on the basis of these rates indefinitely. If the Reinsurer deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for annually renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue.
Sample 1
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis with the REINSURER participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the Policy which is reinsured with the REINSURER. Accelerated Death Benefits shall completely settle the Policy and are therefore considered as included in the net amount of mortality risk. B. Premiums for reinsurance will be based on the rates and allowances described in Exhibit C. C. There will be no premium tax reimbursement. The rates in Exhibit C shall compensate for any premium tax as appropriate. D. The reinsurance rates contained in this Reinsurance Agreement are guaranteed for one year.
Sample 1
YEARLY RENEWABLE TERM PREMIUMS. A. Plans of insurance listed in Exhibit B will be reinsured on the yearly renewable term basis with RGA RE participating only in mortality risks (not cash values, loans, dividends or other features specific to permanent policies). The mortality risk shall be the net amount at risk on that portion of the policy which is reinsured with RGA RE. B. Premiums for Life Reinsurance and reinsurance of Supplemental Benefits will be based on the rates, pay percentages and allowances described in Exhibit C. C. Premiums will be increased by any flat extra premium charged the insured on the face amount initially reinsured. D. There will be no premium tax reimbursement. E. The Life Reinsurance rates contained in this Agreement are guaranteed for one year, and RGA RE anticipates continuing to accept premiums on the basis of these rates indefinitely. If RGA RE deems it necessary to increase rates, such increased rates cannot be higher than the valuation net premiums for annually renewable term insurance calculated using the minimum statutory mortality rates and maximum statutory interest rate for each year of issue. F. The death benefit of the policy to which this endorsement is attached will, if necessary, be adjusted to meet the cash value accumulation test as defined in Section 7702 (b) of the Internal Revenue Code or any applicable successor. If the application of the cash value accumulation test causes the net amount at risk (as defined in the contract) to exceed 150% of the face amount, as of the date of the application of the cash value accumulation test, we will distribute cash value to you. The amount of the distribution will be the amount such that the net amount at risk after the distribution and application of the cash value accumulation test will equal 150% of the face amount on that date. Sec-Eqty.2516-00-00 25125160.000 May 27, 1997
Sample 1
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Related to YEARLY RENEWABLE TERM PREMIUMS

  • Interest Subsidy and Special Allowance Payments and Rebate Fees The Seller shall be entitled to all Interest Subsidy Payments and Special Allowance Payments on each Additional Loan or Substituted Loan accruing up to but not including the related Subsequent Cutoff Date and shall be responsible for the payment of any rebate fees applicable to such Purchased Loans subject to the related Xxxx of Sale accruing up to but not including the related Subsequent Cutoff Date. The Purchaser and the Eligible Lender Trustee on behalf of the Purchaser shall be entitled to all Special Allowance Payments and Interest Subsidy Payments accruing from the related Subsequent Cutoff Date with respect to the Additional Loans or Substituted Loans, and shall be responsible for the payment of any rebate fees applicable to the Additional Loans accruing from the date of the related Subsequent Cutoff Date.

  • Operating Expense Payments Landlord shall deliver to Tenant a written estimate of Operating Expenses for each calendar year during the Term (the “Annual Estimate”), which may be revised by Landlord from time to time during such calendar year. During each month of the Term, on the same date that Base Rent is due, Tenant shall pay Landlord an amount equal to 1/12th of Tenant’s Share of the Annual Estimate. Payments for any fractional calendar month shall be prorated.

  • Long Term Care Insurance The University offers full-time faculty the opportunity to purchase Long-Term Care Insurance through a voluntary Long-Term Care Insurance policy. Faculty members are responsible for 100% of the premium, which may be remitted through payroll deduction.

  • Shift Premiums (a) All employees who are required by the Employer to rotate over two (2) or more shifts shall receive a shift premium of thirty cents ($0.30) for each hour worked on the afternoon or evening shifts only. Shift premium will not be paid for any hour in which an employee receives overtime premium and shift premium will not form part of the employee's straight time hourly rate. (b) In no event shall there be any pyramiding of benefits or payments.

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

  • First Aid Allowance An employee who has been trained to render first aid and who is the current holder of appropriate first aid qualifications such as a certificate from the St. John's Ambulance or similar body shall be paid a weekly allowance of $11.50 if appointed by their employer to perform first aid duty.

  • REINSURANCE COVERAGE Reinsurance under this Agreement will apply to insurance issued by 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. The specifications for all reinsurance under this Agreement are provided in Schedule A. A. Requirements for Automatic Reinsurance For risks which meet the requirements for automatic reinsurance as set forth below, Reinsurer will participate in a reinsurance Pool whereby Reinsurer will automatically reinsure a portion of the insurance risks as indicated in Schedule A. The requirements for automatic reinsurance are as follows: 1. The individual risk must be a resident of the United States or Canada at the time of application. 2. The individual risk must be underwritten according to the Ceding Company's standard underwriting practices and guidelines. This individual risk will be determined to be a true Table 1,2,3 or 4 based on the Ceding Company's normal underwriting guidelines and will be issued as a Standard Risk. 3. Any risk offered on a facultative basis by the Ceding Company to the Reinsurer or any other company will not qualify for automatic reinsurance under this Agreement for the same risk and same life. 4. The minimum issue age on any risk will be age 5 and the maximum issue age on any risk will be age 75. B. Basis of Reinsurance Reinsurance under this Agreement will be on the basis as stated in Schedule B. C. Policy Forms When requested, the Ceding Company will furnish the Reinsurer with a copy of each policy, rider, rate book, and applicable sales or marketing material that applies to the life insurance reinsured hereunder.

  • Housing Allowance During the Employment Period, Executive shall be entitled to receive a Cayman Islands housing allowance of US $6,000 per month. Executive will be responsible for any taxes due on such allowance.

  • Group Term Life Insurance The Welfare Plan will include Group Term Life Insurance in accordance with the following Table of Hourly Job Rate Brackets and corresponding coverages. Benefits will be payable as a result of death from any cause on a twenty-four (24) hour coverage basis.

  • Living Away From Home Allowance When Employees are to be engaged on a Project requiring them to live away from home, the provisions of Appendix I will apply in determining their entitlement and the conditions whilst they are living away from home.

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