Net Amount at Risk Basis Sample Clauses

Net Amount at Risk Basis. When the reinsurer does not participate in the surrender values on a policy, as in reinsurance based on YRT or cost of insurance rates, the reinsurance amount at risk shall be based on the death benefit less a fund which represents the savings element in the policies. The overriding principle involved is that OPTIMUM RE and THE COMPANY will each continue to insure their original proportionate share of the net amount at risk. Net Amounts at Risk will be defined as follows:
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Net Amount at Risk Basis. For interest sensitive products and riders, the Reinsured Net Amount at Risk will be defined as follows: [the Death Benefit - Maximum (Proxy Economic Reserve, Cash Value) - THE COMPANY'S retention] X OPTIMUM RE'S Reinsurance Pool Share On fixed benefit plans and riders, the Reinsured Net Amount at Risk shall be defined as follows: [the Death Benefit - THE COMPANY's retention] x OPTIMUM RE's Reinsurance Pool Share OPTIMUM RE's Reinsurance Pool Share is specified in SCHEDULE A. It is also understood that for interest sensitive policies issued without a no-lapse guarantee rider, the proxy economic reserve is deemed to equal the cash value. The overriding principle involved is that THE COMPANY will maintain a level retention at all times.
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Related to Net Amount at Risk Basis

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