Minimum Reinsured Risk Amount. The minimum reinsured risk amount shall be $1,000. In the event that the reinsured risk amount reduces below the minimum, THE COMPANY will automatically recapture the risk on that policy anniversary.
Appears in 4 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.), Automatic Reinsurance Agreement (US Alliance Corp)
Minimum Reinsured Risk Amount. The minimum reinsured risk amount shall be $1,0001,000 [$5,000 in schedule]. In the event that the reinsured risk amount reduces below the minimum, THE COMPANY will automatically recapture the risk on that policy anniversary.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Midwest Holding Inc.)
Minimum Reinsured Risk Amount. The minimum reinsured risk amount amount, or trivial amount, shall be zero ($1,0000). In the event that the reinsured risk amount reduces below the minimumto zero ($0), THE COMPANY will automatically recapture continue to reinsure the risk on that policy anniversarywith OPTIMUM RE, but the Reinsured Net Amount at Risk and the reinsurance premium will be zero ($0).
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Symetra Separate Account Sl)
