| AXIS
Update Information |
| Update
Summary: |
NAAR Ceded Face for Multiple Reinsurance |
| Update
Type: |
Enhancement
|
| Version
# : |
12202001 (17 Apr 08) |
| Modules
Affected: |
Regular Life , Universal Life , Par Products |
| Changes
Results: |
No
|
| GGY
Job # |
22824 |
| Detailed
Update Description |
In the Regular Life, Universal Life and Par Products modules, the NAAR ceded face table section has been added to the ceded face amount table in the reinsurance terms object.
The table enables you to define the ceded face amount for each reinsurance term several ways. For example:
(a) the combination of a flat amount, % of NAAR, maximum amount and trivial amount
(b) the combination of a flat amount and % of NAAR
For the Regular Life and Par Products modules, the table can be used if a plan is reinsured on a YRT.
For the Universal Life module, the table can be used if a plan is reinsured on either a YRT or a coinsurance of risk charge. |
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