Net Amount at Risk definition

Net Amount at Risk. The Net Amount At Risk on a Monthly Anniversary Day is the death benefit minus the Cash Value, calculated prior to deduction of the base policy cost of insurance charge. On any other day, the Net Amount at Risk is the death benefit minus the Cash Value.

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Net Amount at Risk as used in this agreement refers to the difference in the Death Benefit payable by the insurance carrier and the Cash Value of the policy(ies) owned by the Bank on the Director’s life.

Net Amount at Risk will mean the total face amount of the policies (including death benefit by rider if applicable) reduced by the Cash Value of the Policies.

Examples of Net Amount at Risk in a sentence

• NAR Type This field indicates the method used in determining the Total Net Amount at Risk (as defined in Schedule B).

• This summary provides the Cession Count, Ceded Amount and Net Amount at Risk at the beginning of the reporting period, a summary of the transactions occurring during the report period as well as what is in force as of the ending of the report period.

• The amount of reinsurance eligible for recapture is based on the Net Amount at Risk as of the date of recapture.

• For a policy subject to recapture from the Reinsurer that has met the duration requirement in clause (b) above, the revised Reinsured Net Amount at Risk shall be determined using Ceding Company's Retained Share as if the policy were eligible for recapture from all reinsurers who have a share of the risk on that policy (or who had a share of risk on that policy prior to an earlier recapture).

• For a policy not yet subject to recapture from the Reinsurer because of an unattained duration requirement, Reinsured Net Amount at Risk will continue being determined using Ceding Company's Retained Share as provided for in Exhibit A as if the policy were not eligible for recapture by any of the reinsurers who have or had a share of the risk on the policy.

More Definitions of Net Amount at Risk

Net Amount at Risk means the amount by which your Certificate's Death Benefit (computed as if there were no Certificate Debt) exceeds your Certificate Fund.

Net Amount at Risk has the meaning assigned to such term in Exhibit B.

Net Amount at Risk means the difference in the death benefit payable by the Insurer and the cash value of any Policy.

Net Amount at Risk means the difference between the total death proceeds payable under a Policy less the cash value of that Policy measured as of the date giving rise to the need for such calculation.

Net Amount at Risk as used herein shall mean, as respects each Subject Business contract, the amount by which the account value payable to the beneficiary upon death of the contract holder exceeds the cash surrender value at such time.

Net Amount at Risk means the amount calculated by subtracting the account value from death benefit of the Policy.

Net Amount at Risk is defined as the Death Benefit (as defined in the Covered Policy) payable less the Policy Value (as defined in the Covered Policy), if any.