Basis of Reinsurance Clause Samples
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Basis of Reinsurance. A. Life insurance shall be reinsured .
B. For the purpose of this agreement, except as noted below, the net amount at risk shall be calculated as .
C. The amount at risk may be determined using actual cash values, account values, tabular values, or by other methods agreeable to the Reinsured and the Reinsurer. SCHEDULE D defines special methods for calculating the net amount at risk different from B. above. [page break]
Basis of Reinsurance. Reinsurance under this Agreement will be on the Yearly Renewable Term basis on the portion of each policy that is reinsured as described in Schedule A.
Basis of Reinsurance. Subject to the terms and conditions of this Agreement, the Ceding Company hereby cedes and the Reinsurer hereby reinsures:
a. the applicable Quota Share of the liability of the Coinsurance Business on a coinsurance with funds withheld basis;
b. the applicable Quota Share of the liability of each of the types of Business Reinsured that comprise Modified Coinsurance Business on a modified coinsurance basis; and
c. IMR Amount on a coinsurance with funds withheld basis.
Basis of Reinsurance. The premium rates per thousand are those specified in Schedule E – Reinsurance Premium Rates. The rates in Schedule E – Reinsurance Premium Rates, shall apply to both automatic and facultative reinsurance.
Basis of Reinsurance. Reinsurance under this Agreement will be on the basis as stated in Schedule B.
Basis of Reinsurance. On and after 12:01 a.m., New York time, on the Effective Date, Ceding Company's liabilities under the Reinsured Contracts shall be reinsured on a one hundred percent (100%) indemnity coinsurance and modified coinsurance basis by Reinsurer.
Basis of Reinsurance. The Ceding Company agrees to cede and the Reinsurer agrees to accept Net Ceded Liabilities. The reinsurance provided hereunder shall be on a 100% coinsurance basis.
Basis of Reinsurance. The Reinsurer shall participate in a pool of reinsurers for eligible plans.
Basis of Reinsurance. (CONTINUED)
C. The amount at risk may be determined using actual cash values, account values, tabular values, or by other methods agreeable to the Reinsured and the Reinsurer. SCHEDULE C defines special methods for calculating the net amount at risk different from B. above.
Basis of Reinsurance. Life reinsurance under this Agreement will be on the basis shown in Exhibit A for the net amount at risk on the portion of the original policy that is reinsured with us. The net amount at risk for any policy period will be calculated according to Exhibit B (Reinsurance Rates and Allowances). Riders or supplementary benefits ceded with life benefits will be reinsured as shown in Exhibit B. Any differences in the net amount at risk calculation for these benefits will be shown in Exhibit B.