MONTHLY REINSURANCE PREMIUM means the Annuity Premiums payable, with respect to any Contract Form, on behalf of any month.
MONTHLY REINSURANCE PREMIUM means the sum, for all ACTIVE CONTRACTS reinsured under this Agreement, of the product of (i) the MONTHLY REINSURANCE PREMIUM RATE and (ii) the average of (a) the REINSURED ACCOUNT VALUE as of the current month's MONTHLY VALUATION DATE and (b) the REINSURED ACCOUNT VALUE as of the previous month's MONTHLY VALUATION DATE. If this calculation produces a figure smaller than the MINIMUM MONTHLY REINSURANCE PREMIUM, then the MONTHLY REINSURANCE PREMIUM shall be the MINIMUM MONTHLY REINSURANCE PREMIUM. MINIMUM MONTHLY REINSURANCE PREMIUM means[redacted] REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the MONTHLY VALUATION DATE following the REINSURANCE PREMIUM DUE DATE.
MONTHLY REINSURANCE PREMIUM means the sum, for all ACTIVE CONTRACTS reinsured under this Agreement, of the product of (i) the MONTHLY REINSURANCE PREMIUM RATE and (ii) the average of (a) the REINSURED ACCOUNT VALUE as of the current month's MONTHLY VALUATION DATE and (b) the REINSURED ACCOUNT VALUE as of the previous month's MONTHLY VALUATION DATE. If this calculation produces a figure smaller than the MINIMUM MONTHLY REINSURANCE PREMIUM, then the MONTHLY REINSURANCE PREMIUM shall be the MINIMUM MONTHLY REINSURANCE PREMIUM. MINIMUM MONTHLY REINSURANCE PREMIUM means [*].
Examples of MONTHLY REINSURANCE PREMIUM in a sentence
On or before the REMITTANCE DATE, the CEDING COMPANY shall forward to the REINSURER its statement of account and data requirements as set forth in Schedule G together with its remittance for the MONTHLY REINSURANCE PREMIUM as shown therein as well as any premium adjustments from the prior period.
The MONTHLY REINSURANCE PREMIUM will be determined using any investment in the variable investment account, beginning with investments as of the date the variable investment account qualifies with the regulation.
If the REINSURER’s liability is terminated with respect to any variable investment option, future MONTHLY REINSURANCE PREMIUM will be calculated ignoring any investment in said variable investment option.
For contracts active less than a full month in the month prior to the MONTHLY VALUATION DATE, the MONTHLY REINSURANCE PREMIUM attributable to those contracts shall be reduced proportionally.
On or before the REMITTANCE DATE, CEDING COMPANY shall forward to REINSURER its statement of account and data requirements as set forth in Schedule F together with its remittance of the MONTHLY REINSURANCE PREMIUM as shown therein, as well as any premium adjustments from the prior period.
More Definitions of MONTHLY REINSURANCE PREMIUM
MONTHLY REINSURANCE PREMIUM means the sum, for all CONTRACT TYPES and GMIB TYPES, of the REINSURANCE PREMIUM RATE times the MONTHLY INCOME BASE calculated on each MONTHLY VALUATION DATE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE.
MONTHLY REINSURANCE PREMIUM means the Quota Share of the Contract Value of a Contract times the reinsurance rate then in effect for that Contract. The reinsurance rate is set forth in Schedule III, which may be amended from time to time as set forth in Section 3.7.
MONTHLY REINSURANCE PREMIUM means the sum of a) and b) where
MONTHLY REINSURANCE PREMIUM means the sum of a) and b) where a) is the sum, for each ACTIVE CONTRACT covered by this Agreement that did not terminate due to death in the current month, of the product of REINSURANCE PREMIUM RATE times the MORTALITY RATE times the REINSURED NET AMOUNT AT RISK as of the preceding MONTHLY VALUATION DATE, and b) is the sum, for each ACTIVE CONTRACT covered by this Agreement that terminated due to death in the current month, of the product of REINSURANCE PREMIUM RATE times the MORTALITY RATE times the REINSURED NET AMOUNT AT RISK as of the date the GMDB CLAIM is in good order. To the extent multiple beneficiaries are involved in a GMDB CLAIM and fewer than all, but at least one, of the beneficiaries have received a portion of the GMDB AMOUNT from the CEDING COMPANY, the REINSURED NET AMOUNT AT RISK for the purpose of this item b) shall be based on each beneficiary's portion of the GMDB AMOUNT.
MONTHLY REINSURANCE PREMIUM means the sum, for all ACTIVE CONTRACTS reinsured under this Agreement, of [*]. If this calculation produces a figure smaller than the MINIMUM MONTHLY REINSURANCE PREMIUM, then the MONTHLY REINSURANCE PREMIUM shall be the MINIMUM MONTHLY REINSURANCE PREMIUM. MINIMUM MONTHLY REINSURANCE PREMIUM means $[*]. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the MONTHLY VALUATION DATE following the REINSURANCE PREMIUM DUE DATE.
MONTHLY REINSURANCE PREMIUM means the amount payable by the Ceding Company to the Reinsurer as calculated in accordance with Article 4 with respect to reinsurance coverage provided for a given month in which the Agreement is in effect. All other definitions in Article 3 remain unchanged.
MONTHLY REINSURANCE PREMIUM means the amount payable by the Ceding Company to the Reinsurer as calculated in accordance with Article 4 with respect to reinsurance coverage provided for a given month in which the Agreement is in effect. All other definitions in Article 3 remain unchanged. SCHEDULE A, LISTING OF CONTRACT FORMS, is hereby replaced in its entirety with the attached Schedule A. to remove certain Rider Policy Forms which should not have been listed for "GMDB Type 6." This Amendment does not alter, amend or modify the Reinsurance Agreement other than as set forth in this Amendment, and it is subject otherwise to all the terms and conditions of the Reinsurance Agreement together with all Amendments and supplements thereto. HARTFORD LIFE INSURANCE COMPANY & HARTFORD LIFE AND ANNUITY INSURANCE COMPANY By: /s/ Xxxxxxx X. Xxxx Date: April 26, 2005 ------------------------------------------ Name/Title Xxxxxxx X. Xxxx, Vice President Attest: /s/ Xxxxxx X. Xxxxxxxx ------------------------------------------ Name/Title Xxxxxx X. Xxxxxxxx, Assistant Vice President ACE TEMPEST LIFE REINSURANCE LTD. By: /s/ [ILLEGIBLE] Date: April 21, 2005 ------------------------------------------ Name/Title [ILLEGIBLE] President Attest: /s/ Xxxx Xxxxx ------------------------------------------ Name/Title Xxxx Xxxxx, Vice President and Life Actuary GMDB200210, Effective October 1, 2002 Amendment No. 2 Rider policy forms (as listed under each GMDB Type below) and state variations thereof issued with the products Outlook, Core, Access, Plus and Edge covered under the following policy forms (and state variations thereof): "CURRENT" CONTRACT FORMS HL-VA99 LA-VA99 HL-VA00 LA-VA00 XX-XXXXXX00 XX-XXXXXX00 XX-XXXXXX00XX XX-XXXXXX00XX HL-NCDSC98 LA-NCDSC98 HL-NCDSC99PS LA-NCDSC99PS HL-NCDSC98DW LA-NCDSC98DW HL-VAXC99 LA-VAXC99 "2003 GENERATION" CONTRACT FORMS HL-NCDSC03 LA-NCDSC03 HL-ASHARE03 LA-ASHARE03 HL-VAXC03 LA-VAXC03 HL-VA03 LA-VA03 GMDB TYPE 1 (EPB/MAV ON "CURRENT" CONTRACT FORMS -- ISSUE AGES: 0-75) HL-VA00EDB LA-VA00EDB HL-ASHARE00EDB LA-ASHARE00EDB HL-VAXC00EDB-1 LA-VAXC00EDB-1 GMDB TYPE 2 (EPB/MAV ON "2003 GENERATION" CONTRACT FORMS -- ISSUE AGES: 0-75) HL-VAEPBMAV03 LA-VAEPBMAV03 HL-VAPLEPBMAV03 LA-VAPLEPBMAV03 HL-ASHAREEPBMAV03 LA-ASHAREEPBMAV03 GMDB200210, Effective October 1, 2002 Amendment No. 2 GMDB TYPE 3 (EPB/APB ON "2003 GENERATION" CONTRACT FORMS -- ISSUE AGES: 0-75) Upon filing of the riders necessary to launch this benefit, the parties have agreed to amend this Schedule A to include suc...