Reinsurer’s Margin definition

Reinsurer’s Margin is defined to mean the amount of cash remittance made to the Reinsurer in each quarterly settlement, which is not payable in addition to any amount otherwise payable to the Reinsurer. The Reinsurer’s Margin shall be allowed as described in the Premium and Reinsurer’s Margin Article subject to adjustment in accordance with the Reports and Remittances Article and paid to the Reinsurer as described in the Funds Withheld Account Article. For avoidance of doubt, the Reinsurer's Margin is not an explicit fee or guaranteed profit to the Reinsurer.
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Reinsurer’s Margin. The Reinsurer's Margin for each calendar quarter shall be equal to nine-tenths-of-one percent (0.9%) of the Mortality Cover Purchase Charges for that calendar quarter, provided that the Company's reserves for the Part C Business Covered are established in accordance with the 1980 CSO Tables according to Age Last Birthday, with twenty (20) year select factors and a five percent (5%) interest rate. If the Company uses a different reserving basis, the Company and the Reinsurer shall negotiate in good faith to adjust the Reinsurer's Margin to reflect the alternative reserving basis.
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Reinsurer’s Margin. The Reinsurer's Margin for each calendar quarter shall be equal to three quarters of one percent (0.75%) of the Tabular Mortality Cost for that calendar quarter.
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Examples of Reinsurer’s Margin in a sentence

  • It is further understood that the provisional Reinsurer’s Margin of [***] shall first be adjusted 12 months from the effective date of this Contract and each subsequent quarter (3) month period thereafter aligning to the provisions of the Ceding Commission Article .

  • Should the adjusted commission rate as calculated in paragraphs C and D of the Ceding Commission Article differ from the provisional ceding commission, then the Reinsurer’s Margin percentage shall be reduced to a percentage equal to [***]% less the adjusted commission rate less the ratio of Losses Incurred to Premiums Earned, as of the Adjustment Period.

  • Subject to the terms hereof, the Company shall retain the reinsurance premium on a funds withheld basis, provided that the Reinsurer’s Margin shall be paid to the Reinsurer in cash when due.


More Definitions of Reinsurer’s Margin

Reinsurer’s Margin. The Reinsurer's Margin on the Deposit Premium shall equal five-million dollars ($5,000,000). The Reinsurer's Margin on Additional Premium shall equal one-million dollars ($1,000,000) for each calendar year. The Reinsurer's Margin on the Deposit Premium and the Reinsurer's Margin on Additional Premiums shall be part of, not in addition to, the respective Deposit Premium and Additional Premiums. EXPERIENCE ACCOUNT BALANCE: At the end of each Accounting Period, the Experience Account Balance ("EAB") shall be equal to:
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