Basic Premiums definition

Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the set of “2001 VBT S&U ALB gender and smoker distinct” tables included at the end of this Exhibit, subject to the percentages shown below. The Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414848US-12 (11-01-2011) QT#04028US11 (COLI & B▇▇▇) Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414848US-12 (11-01-2011) QT#04028US11 (COLI & B▇▇▇) Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred Plus NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + The Reinsurer shall receive its proportionate share of any extra premiums payable due to additional mortality risk. Table extra premiums are equal to 25% of the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra premiums to the standard basic premium. I414848US-12 (11-01-2011) QT#04028US11 (COLI & B▇▇▇) Supplemental Insurance Rider and Term Rider specified in Exhibit A which are reinsured on a YRT basis, the same basic premium the Company pays the Reinsurer, as developed above, will apply.
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Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy by the appropriate rate from the 2001 VBT Select & Ultimate ALB set of rates included at the end of this Exhibit, subject to the percentages shown below. Premiums will be payable on a policy year basis, regardless of the premium payment mode under the original insurance, and the Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Non-Smoker 70% Smoker 86% Table Extra Premiums/Multiple Extra Premiums: Table extra premiums are equal to 25% f the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra Premiums to the standard basic premium. Any extra premiums payable on account of additional mortality risk will be payable to the Reinsurer.
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Examples of Basic Premiums in a sentence

  • Basic Premiums are $ 445.50 each Changing on SEP 10, 2018 to $ 2299.00 each ***** END OF SCHEDULE ***** POLICY NO.

  • The reinsurance rates applicable to the reissued policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration of the original policy.

  • If the Member is or becomes eligible for Medicare Part A or Part B (or both), as primary coverage, and the Member is not enrolled through the Member’▇ ▇▇oup in Kaiser Permanente Senior Advantage plan for any reason (even if the Member is not eligible to enroll or the plan is not available to the Member), the Member’s Group's Basic Premiums may increase.

  • For Members who are eligible for Medicare as primary coverage, Basic Premiums are based on the assumption that Health Plan or its designee will receive Medicare payments for Medicare-covered services provided to Members eligible for benefits under Medicare Part A or Part B (or both).

  • The reinsurance rates applicable to such portion of the reinsured policy will be the Basic Premiums specified in Exhibit C-1 and Exhibit C-2 reflecting the issue age and duration based on the date of the change on the policy.

  • Conversions will be point in scale using the appropriate rate from the American Family Cost of Insurance rates included in the CD attached at the end of this Exhibit, subject to the percentages included in item 5, Basic Premiums, above.

Related to Basic Premiums

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.