REINSURED RISK AMOUNT Sample Clauses

REINSURED RISK AMOUNT. 5.1 Reinsured risk amounts will be calculated on each policy anniversary; during a policy year, reinsured risk amounts are adjusted if and only if there is an increase or decrease in policy specified amount or, if incremental benefit payments, available only on Option 1, are made by the Ceding Company to an insured under an accelerated benefit rider for chronic illness ("LTC Rider"). The reinsured risk amount is equal to the Reinsured Net Amount at Risk on each policy or rider as defined below. Payment by the Reinsurer of any amount owed in accordance with the terms set forth below, other than refund of reinsurance premiums, shall only be paid by the Reinsurer to the Ceding Company upon the death of the insured.

REINSURED RISK AMOUNT. 5.1 Reinsured risk amounts will be calculated on each policy anniversary; during a policy year, reinsured risk amounts are adjusted if and only if there is an increase or decrease in policy specified amount. If the net amount at risk on a reinsured policy drops below the Ceding Company's limit of retention as defined in Exhibit A - Retention Limits of the Ceding Company, then the Ceding Company will terminate the reinsurance on the policy. If the net amount at risk subsequently increases above the Ceding Company's retention, then the excess amounts over the retention limit will continue to be retained by the Ceding Company, unless the increase is due to an underwritten, non-contractual increase. In the event of such a non-contractual increase, the Ceding Company may reinsure the total net amount at risk in excess of the retention limit.

REINSURED RISK AMOUNT. 5 5.1 LIFE...................................................................................................5

REINSURED RISK AMOUNT. LIFE For option A policies, the net amount at risk of the policy is defined as the policy face amount less the account value. For option B policies, the net amount at risk of the policy is defined as the policy face amount. The reinsured net amount at risk for automatic policies is determined by multiplying the total net amount at risk on the policy by the Reinsurer’s share as defined in Exhibit B. For option A policies, the net amount at risk is calculated using the account value in effect at the beginning of the reinsurance billing period. The Ceding Company will maintain a quota share retention on each policy, up to the maximum limits of its retention per life for the insured’s issue age and rating, as shown in Exhibit A. Risk amounts above that limit will be reinsured under the terms of this Agreement on an excess basis. The net amount at risk and the reinsured net amount at risk for policies resulting from exercise of the Policy Split Option will be determined in the same manner. The Ceding Company’s retention on the policy will remain constant. Any change in the net amount at risk due to changes in the policy’s cash value or account value will be allocated to the reinsured amount.

REINSURED RISK AMOUNT. 5.1 LIFE The reinsured net amount at risk of the policy is defined as the policy face amount less the cash value, account value, or terminal reserve, less the amount retained by the Ceding Company, and for automatic policies, multiplied by MARC's share as stated in Exhibit B. For variable amount plans, the reinsured net amount at risk is calculated using the account value in effect at the end of the monthly reinsurance billing period. Any change in the net amount at risk due to changes in the policy's cash value or account value will be shared proportionately between the Ceding Company and MARC. 5 -------------------------------------------------------------------------------- [GRAPHIC OMITTED] MARC MUNICH RE GROUP

REINSURED RISK AMOUNT. LIFE 4.1 The reinsured net amount at risk is equal to the policy face amount multiplied by the Reinsurer's share as defined in Exhibit B. The Ceding Company will maintain a quota share retention on each policy, up to the maximum limits of its retention per life for the insured's issue age, as shown in Exhibit A.

REINSURED RISK AMOUNT. The Net Amount at Risk (NAR) of the Covered Policy shall be the death benefit under the Covered Policy less the account value and is calculated at the beginning of each policy year. The reinsured Net Amount at Risk for automatic cessions is determined by multiplying the total Net Amount at Risk on the Covered Policy by the Quota Share Percentage defined in Schedule A. Cedent will maintain a quota share retention on each policy, up to the maximum limits of its retention per life for the insured’s issue age, as shown in Schedule C. If the death benefit is Option 1, the death benefit under the Covered Policy will be the face amount. If the death benefit is Option 2, the death benefit under the Covered Policy will be the face amount plus the account value.

REINSURED RISK AMOUNT. 5.1 LIFE The reinsured net amount at risk of the policy is defined as the policy face amount less the cash value, account value, or terminal reserve, less the amount retained by the Ceding Company, and for automatic policies, multiplied by MARC's share as stated in Exhibit B. For variable amount plans, the reinsured net amount at risk is calculated using the account value in effect at the end of the monthly reinsurance billing period. Any change in the net amount at risk due to changes in the policy's cash value or account value will be shared proportionately between the Ceding Company and MARC.

REINSURED RISK AMOUNT. Life of the above mentioned agreement shall be replaced by the attached Article 5.1 Reinsured Risk Amount Life in order to update the agreement. All other terms and conditions of this Agreement shall remain unaltered. Made in duplicate and executed by all parties. This amendment will not be effective until all parties have signed. For American National Insurance Company By: ▇▇▇▇▇ ▇ ▇▇▇▇▇ Attest:______________________ Title: VP and Actuary Date: February 11, 2004 For Munich American Reassurance Company By: Attest: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ Title: Date: February 18, 2004 Amendment No.1 to U24