Common use of Net Amount at Risk Basis Clause in Contracts

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:

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 mill be defined as follows:

Net Amount at Risk Basis. When the reinsurer 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 INVESTORS HERITAGE 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: