Common use of Experience Refunds Clause in Contracts

Experience Refunds. 1. The schedule of reinsurance premiums applicable to reinsurance ceded under the terms of this Agreement has been especially designed to require minimum cash outlay. Therefore, reinsurance ceded under the terms of this Agreement will not be considered eligible for participation in experience refunds.

Appears in 2 contracts

Sources: Automatic Reinsurance Agreement (Ids Life Variable Life Separate Account), Automatic Reinsurance Agreement (Ids Life of New York Account 8)

Experience Refunds. 1. The schedule of reinsurance premiums applicable to reinsurance ceded under the terms of this Agreement has been especially designed to require minimum cash outlay. Therefore, reinsurance ceded cede under the terms of this Agreement will not be considered eligible for the participation in experience refunds.

Appears in 1 contract

Sources: Facultative Non Bulk Yrt Non Refund Agreement (Thrivent Variable Life Account 1)

Experience Refunds. 1. The schedule of reinsurance premiums applicable to reinsurance ceded under the terms of this Agreement has been especially designed to require minimum cash outlay. Therefore, reinsurance ceded under the terms of this Agreement will shall not be considered eligible for participation in experience refunds.. SWISS RE AMERICA

Appears in 1 contract

Sources: Automatic Reinsurance Agreement (Security Equity Life Insurance Co Separate Account 13)

Experience Refunds. 1. The schedule of reinsurance premiums applicable to reinsurance re-insurance ceded under the terms of this Agreement has been especially designed to require minimum cash outlay. Therefore, reinsurance ceded under the terms of this Agreement will not be considered eligible for participation in experience refunds.

Appears in 1 contract

Sources: Automatic Reinsurance Agreement (Ids Life Variable Life Separate Account)