POINT IN SCALE definition
POINT IN SCALE means that the Reinsurance Premium Rates set forth in Schedule I shall be applied at the Reinsurance Premium Rate appropriate for the current duration of the policy or rider coverage, even though reinsurance of the policy or rider may commence later than the original Policy Date or the effective date of the reinsured rider. For example, in the case of a unchanged policy dated June 1, 1993 which becomes reinsured under this Agreement as of June 1, 1996: because that policy begins its fourth policy year on June 1, 1996, the Reinsurance Premium Rate charged under this Agreement for June, 1996 will be at the appropriate Reinsurance Premium Rate set forth in Table I for the fourth policy year based on the insured's original issue age.