Other Insured Rider definition

Other Insured Rider. The Net Amount at Risk is the Specified Amount of the Rider. For purposes of this Agreement, the following will apply:
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Other Insured Rider. Premium rates for the Other Insured Rider will be calculated the same as the base plan to which it is attached.
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Examples of Other Insured Rider in a sentence

  • In the event of a contractual conversion of an Other Insured Rider that is issued in connection with a policy reinsured under this Agreement, such conversion shall be treated as an internal replacement and handled in the manner set forth in the second paragraph of the foregoing Article 8.1 relating to internal replacements.

  • BIR (Base Insured Rider) and OIR (Other Insured Rider) - These riders will be proportionately reinsured using the same premium rates scale as used for the base coverage.

  • Plus FEP -F67801/F67802 -567503/567502 Other Insured Rider (OIR), Form No. and, if applicable: ULR2.01.5.84.

  • For the Reinsurer's share of policies ceded to Reinsurer prior to 2009, contractual term conversions from Ceding Company's term insurance policies or riders (such as an Other Insured Rider or Children's Insurance Rider) to a policy reinsured under this Agreement will be covered and treated the same as any other new business under this Agreement except the issue age and issue date of the original term policy or rider shall apply.

  • For each Reinsured Plan without any Outside Reinsurance, the initial Amount Reinsured per life under this Agreement shall be equal to 50% of the first $60,000 of Specified Amount for a base policy or 50% of the first $60,000 of the Face Amount of any Other Insured Rider, subject to a maximum Amount Reinsured of $30,000 per life.

  • Connecticut General shall have no liability under supplementary benefit riders for Disability Waiver of Premium, Accidental Death Benefits, Other Insured Rider, or Dependent coverages attached to policies reinsured under this Agreement.

  • The Variable Universal Life Plan and Other Insured Rider shall be reinsured under the terms and rates set out in the attached Exhibit C-I (effective August 31, 1987).

  • Status Issue Age 1 2-10 11+ -------------- --------- - ---- --- Nonsmoker 0-49 0% 80% 90% 50+ 0 70 70 Smoker 0-49 0 94 94 50+ 0 84 90 For the REINSURED'S Other Insured Rider with issue amounts greater than $24,999, the reinsurance premium shall be as described in Schedule D, Part V of the above-mentioned reinsurance agreement.

  • Term Insurance Rider, Other Insured Rider and Estate Preservation Rider Same premium basis as base coverage.

  • Status Issue Age 1 2-10 11+ -------------- --------- - ---- --- Nonsmoker 0-49 0% 68% 83% 50+ 0 65 80 Smoker 0-49 0 85 90 50+ 0 65 75 For the REINSURED'S Other Insured Rider with issue amounts greater than $24,999, the reinsurance premium shall be as described in Schedule D, Part IV of the above-mentioned reinsurance agreement.