Common use of NET AMOUNT AT RISK Clause in Contracts

NET AMOUNT AT RISK. A. The MNAR (Mortality Net Amount at Risk) for each variable annuity policy form reinsured hereunder, by issue age, shall be equal to the following: [redacted] where: - VNAR (Variable Net Amount at Risk) = [redacted]: - [redacted] SCNAR (Surrender Charge Net Amount at Risk) = [redacted] EEMNAR (Earnings Enhancement Mortality Net Amount at Risk) = [redacted] B. Spousal Continuances (as described in Schedule A) The REINSURER will reimburse the CEDING COMPANY for the SCNAR (for the Issue Ages defined in Paragraph A, above), realized upon death consistent with the manner in which the CEDING COMPANY waives the surrender charges when death benefit is paid out. Also covered under this Agreement are surrender charges arising from additional premium deposits contributed by the spouse to the policy on or after the spousal continuance date. In no event will the REINSURER reimburse surrender charges arising from the same premium deposits more than once.