Rate Guarantee. While Cologne anticipates continuing to accept premiums on the basis of the attached rates, Cologne can only guarantee that the life reinsurance premium rates payable under this Agreement shall not exceed the one-year term net premiums computed on the 1958 CSO Mortality Table using 3% interest and continuous functions. Exchange to Other Plan of Insurance: First year rates will apply to any policy on which the Ceding Company has (a) obtained full current underwriting evidence on the full amount, which is satisfactory to Cologne, (b) full normal commissions are paid for the new plan and (c) the Suicide and Contestable provisions apply as if the policy were newly issued. The rates shall be calculated using rate scale 115/215 ANB. Otherwise, if the conversion does not qualify as a new issue, reinsurance shall be on a YRT basis at attained age and duration on rate scale 115/215 ANB.
Appears in 3 contracts
Sources: Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii), Reinsurance Agreement (Ge Life & Annuity Assurance Co Ii)