Common use of RATES APPLICABLE TO INCREASES Clause in Contracts

RATES APPLICABLE TO INCREASES. First year reinsurance premium rates and allowances will apply to the amount normally underwritten of a non-contractual increase. EXHIBIT C-1 SPECIFIC TERMS 1. REINSURANCE BASIS: YRT 2. AGE BASIS: Nearest 3. PREMIUMS: The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy by the appropriate rate from THE SET OF RATES INCLUDED AT THE END OF THIS SUB-SECTION. Premiums will be payable on a policy year basis, regardless of the premium payment mode under the original insurance, and the Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force.