Cash Value Plans. The net amount at risk of the policy is defined to be the death minus the terminal reserve. The amount of reinsurance benefit at each policy is the death benefit of the policy minus the initial amount retained minus the terminal reserve on the [(portion of the policy reinsured) or (policy)]. The Company shall notify the Reinsurer of the Reserve Calculation Method being used. The reinsurer may interpolate or use reasonable approximations.
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Samples: Automatic Yearly Renewable Term Reinsurance Agreement (Nationwide Provident Vli Separate Account 1), Automatic Yearly Renewable Term Reinsurance Agreement (Nationwide Provident Vli Separate Account 1)
Cash Value Plans. The net amount at risk of the policy is defined to be the death benefit minus the terminal reserve. The amount of reinsurance benefit at each policy duration is the death benefit of the policy minus the initial amount retained minus the terminal reserve on the [(portion of the policy reinsured) or (policy)]. The Company shall notify the Reinsurer of the Reserve Calculation Method being used. The reinsurer Reinsurer may interpolate or use reasonable approximations.
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Cash Value Plans. The net amount at risk of the policy is defined to be the death benefit minus the terminal reserve. The amount of reinsurance benefit at each policy duration is the death benefit of the policy minus the initial amount retained minus the terminal reserve on the [(portion of the policy reinsured) or (policy)]. The Company shall notify the Reinsurer of the Reserve Calculation Method being used. The reinsurer Reinsurer may interpolate or use reasonable approximations.
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