MONTHLY REINSURANCE PREMIUM RATE definition

MONTHLY REINSURANCE PREMIUM RATE means the Reinsurance Premium Rate divided by 12.

MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D, for each CONTRACT TYPE and GMIB TYPE. MONTHLY REINSURANCE PREMIUM means the sum, for all CONTRACT TYPES and GMIB TYPES, of the MONTHLY REINSURANCE PREMIUM RATE times the MONTHLY BENEFIT BASE, calculated on each MONTHLY VALUATION DATE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the last BUSINESS DAY of calendar month following the REINSURANCE PREMIUM DUE DATE Xxxxxxx Xxxxx & ACE Tempest GMIB 4

MONTHLY REINSURANCE PREMIUM RATE means the REINSURANCE PREMIUM RATE divided by 12.

Examples of MONTHLY REINSURANCE PREMIUM RATE in a sentence

• MONTHLY REINSURANCE PREMIUM RATE means the REINSURANCE PREMIUM RATE divided by 12.

• 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.

• MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D, for each CONTRACT TYPE and GMDB TYPE.

• MONTHLY REINSURANCE PREMIUM means the sum, for all CONTRACT TYPES and GMDB TYPES, of the MONTHLY REINSURANCE PREMIUM RATE times the MONTHLY REINSURANCE PREMIUM BASE, calculated on each MONTHLY VALUATION DATE.

• MONTHLY ACCOUNT VALUE means the sum of the contract’s REINSURED ACCOUNT VALUE, calculated on each MONTHLY VALUATION DATE, for all ACTIVE CONTRACTS covered by this Agreement MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D, for each CONTRACT TYPE and GEB TYPE and Issue Age Band.

More Definitions of MONTHLY REINSURANCE PREMIUM RATE

MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D-l, for each CONTRACT TYPE. MONTHLY REINSURANCE PREMIUM means the sum, for all CONTRACT TYPES, of the MONTHLY REINSURANCE PREMIUM RATE times the REINSURANCE PREMIUM BASE, calculated on each MONTHLY VALUATION DATE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the last BUSINESS DAY of calendar month following the REINSURANCE PREMIUM DUE DATE Xxxxxxx Xxxxx & ACE Tempest EEB 5

MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D, for each CONTRACT TYPE and GMIB TYPE. MONTHLY REINSURANCE PREMIUM equals the MONTHLY REINSURANCE PREMIUM RATE times the MONTHLY INCOME BASE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the last BUSINESS DAY of calendar month following the REINSURANCE PREMIUM DUE DATE Ohio National & ACE Tempest GMIB 4

MONTHLY REINSURANCE PREMIUM RATE means the numerical value provided in Schedule D, for each CONTRACT TYPE and GMIB TYPE. MONTHLY REINSURANCE PREMIUM equals the MONTHLY REINSURANCE PREMIUM RATE times the MONTHLY INCOME BASE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REMITTANCE DATE means the last BUSINESS DAY of calendar month following the REINSURANCE PREMIUM DUE DATE.

MONTHLY REINSURANCE PREMIUM RATE. The numerical value provided in Schedule D, for each CONTRACT TYPE and GMDB TYPE.

MONTHLY REINSURANCE PREMIUM RATE means the premium rate provided in Schedule D, for each CONTRACT TYPE and GMDB TYPE.

MONTHLY REINSURANCE PREMIUM RATE means the premium rate provided in Schedule D, for each CONTRACT TYPE and GMDB TYPE. MONTHLY REINSURANCE PREMIUM for all CONTRACT TYPES except Venture III (Form VENTURE 100-NY and Benefit Rider Form BR010.00-NY) means the sum of the MONTHLY REINSURANCE PREMIUM RATE times the greater of the REINSURED MONTHLY GMDB or the REINSURED MONTHLY ACCOUNT VALUE for each ACTIVE CONTRACT covered by the Agreement. MONTHLY REINSURANCE PREMIUM for Venture III CONTRACT TYPES (Form VENTURE.100-NY and Benefit Rider Form BR010.00-NY) means the sum of the MONTHLY REINSURANCE PREMIUM RATE times the REINSURED MONTHLY GMDB for each ACTIVE CONTRACT covered by the Agreement.

MONTHLY REINSURANCE PREMIUM RATE means the applicable numerical value provided in Schedule D-1. MONTHLY REINSURANCE PREMIUM means the sum, for all ACTIVE CONTRACTs, of the MONTHLY REINSURANCE PREMIUM RATE times the REINSURED GMDB AMOUNT on each MONTHLY VALUATION DATE. REINSURANCE PREMIUM DUE DATE means the MONTHLY VALUATION DATE. REINSURANCE SINGLE PREMIUM PAYMENT means the amount specified in Schedule D-2. REMITTANCE DATE means the last BUSINESS DAY of the calendar month following the REINSURANCE PREMIUM DUE DATE. For the REINSURANCE SINGLE PREMIUM PAYMENT, the REMITTANCE DATE means the date specified in Schedule D-2.