Minimum Reinsured Risk Amount. The minimum reinsured risk amount shall be $1,000. In the event that the reinsured risk amount reduces below the minimum, THE COMPANY will automatically recapture the risk on that policy anniversary.
Appears in 4 contracts
Samples: Reinsurance Agreement (Federal Life Group, Inc.), Reinsurance Agreement (Federal Life Group, Inc.), Automatic Reinsurance Agreement (US Alliance Corp)
Minimum Reinsured Risk Amount. The minimum reinsured risk amount amount, or trivial amount, shall be zero ($1,0000). In the event that the reinsured risk amount reduces below the minimumto zero ($0), THE COMPANY will automatically recapture continue to reinsure the risk on that policy anniversarywith OPTIMUM RE, but the Reinsured Net Amount at Risk and the reinsurance premium will be zero ($0).
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Symetra Separate Account Sl)
Minimum Reinsured Risk Amount. The minimum reinsured risk amount shall be $1,0001,000 [$5,000 in schedule]. In the event that the reinsured risk amount reduces below the minimum, THE COMPANY will automatically recapture the risk on that policy anniversary.
Appears in 1 contract
Samples: Automatic Reinsurance Agreement (Midwest Holding Inc.)
