Common use of Substandard Risks Clause in Contracts

Substandard Risks. For substandard insurance risks, the per $1,000 portion of the factors shown in the MCP table for standard risks shall be multiplied by a factor which equals one plus 90% of any extra mortality multiple up to and including substandard table F. Any substandard rating greater than table F shall be treated as though it were table F for MCP purposes. Flat extra mortality charges will not increase the standard rate MCP factors.

Appears in 2 contracts

Sources: Principal Underwriting Agreement (Ohio National Variable Account R), Distribution Agreement (Ohio National Variable Account A)