Net Risk definition
Examples of Net Risk in a sentence
Schedule D – Special Net Risk Calculations defines special methods for calculating the net amount at risk different from B of this Article.
If Net Risk Premium is deficient in any month, the Company will notify the Reinsurer of such deficiency and the Reinsurer shall remit sufficient amount into the Claims Fund account in order to bring the Claims Fund to its agreed upon amount.
The Claims Fund account shall be funded by receiving monthly transfers of Net Risk Premium from the Premium account.
Schedule C – Special Net Risk Calculations defines special methods for calculating the net amount at risk different from B of this Article.
Schedule D – Special Net Risk Calculations defines special methods for calculating the net amount at risk in addition to B of this Article.
It is further agreed that in the event that the amount of Net Risk Premium in any given accounting period exceed the requirements of the Claims Fund account, such excess shall be forwarded by the Company to the Reinsurer according to the terms of this Agreement.
In this connection, the party whose margin exceeds that of the other shall only deliver additional Collateral or surrender a Collateral equivalent in an amount equal to the Net Risk to the other party.
Exhibit H – Special Net Risk Calculations defines special methods for calculating the Policy Net Amount at Risk in addition to the paragraph above in this Article.
As used herein, “Tier 1 Ratio” means Borrower’s Net Risk Weighted Assets divided by Tier 1 Capital (all as defined by Federal Reserved Board Accounting Rules and Guidelines).
The Policy Net Amount at Risk may be determined [ ]Exhibit H – Special Net Risk Calculations defines special methods for calculating the Policy Net Amount at Risk in addition to the paragraph above in this Article.