Premium Taxes Sample Clauses

Premium Taxes. If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.
AutoNDA by SimpleDocs
Premium Taxes. The Reinsurer shall not reimburse the Ceding Company for any premium taxes.
Premium Taxes. The Reinsurer will not be liable for premium taxes.
Premium Taxes. From the Contract Value, we will deduct a charge for any taxes we pay that are attributable to Purchase Payments or withdrawals. Such taxes may include, but are not limited to: any federal, state or local premium or retaliatory taxes; and any federal, state or local income, excise, business or any other type of tax (or component thereof), measured by or based upon, directly or indirectly, the amount of Purchase Payments we receive from you. We will normally deduct this charge upon annuitization. However, we may impose this charge on any withdrawal, at the time any death benefit is paid, when the taxes are incurred or when we pay the taxes. We will base this charge on the Contract Value, the amount of the transaction, the aggregate amount of Purchase Payments we receive under the Contract; or any other amount that, in our sole discretion, we deem appropriately reimburses us for premium taxes paid on this Contract. Other Taxes — We reserve the right to charge the Separate Account and/or deduct from the Contract Value a charge for any federal, state or local taxes we pay that are or become attributable to the Separate Account or Contract, including, but not limited to, income taxes attributable to our operation of the Separate Account or to our operations with respect to the Contract, or taxes attributable, directly or indirectly, to Purchase Payments or payments we make under this Contract. Withdrawal Charge (Contingent Deferred Sales Charge) — Withdrawals from the Contract Value are subject to a withdrawal charge which is shown in the Contract Specifications. This charge may apply to amounts withdrawn under the Contract prior to the Annuity Date, depending on which Contract Year the withdrawal is made in. We will not apply the withdrawal charge on: · distributions resulting from the death of the first Owner or the sole surviving Annuitant before the Annuity Date, except as provided under the Death of Owner provision for certain Non-Natural Owners; · after the first Contract Year, if the Contract Value is applied to provide an annuity option from us; · withdrawals after 90 days from the Contract Date if the Owner or Annuitant has been confined to an accredited nursing home for 30 days, and was not confined to the nursing home on the Contract Date. Confinement period for which you seek the waiver must begin after the Contract Date. This is referred to as a nursing home confinement waiver in the Contract Specifications. If this Contract is terminated in accord...
Premium Taxes. The Company may deduct Premium Taxes incurred from Purchase Payments received.
Premium Taxes. You will not reimburse us for premium taxes for reinsurance ceded under this Agreement.
Premium Taxes. The Reinsurer will reimburse the Reinsured for any applicable premium taxes incurred that are directly attributable to the reinsured HD7 benefit riders.
AutoNDA by SimpleDocs
Premium Taxes. Life Re will not reimburse the Company for state premium taxes on reinsurance premiums received from the Company.
Premium Taxes. From the Contract Value, we will deduct a charge for any taxes we pay that are attributable to Purchase Payments or withdrawals. Such taxes may include, but are not limited to: any federal, state or local premium or retaliatory taxes; and any federal, state or local income, excise, business or any other type of tax (or component thereof), measured by or based upon, directly or indirectly, the amount of Purchase Payments we receive from you. We will normally deduct this charge upon annuitization. However, we may impose this charge on any withdrawal, at the time any death benefit is paid, when the taxes are incurred or when we pay the taxes. We will base this charge on the Contract Value, the amount of the transaction, the aggregate amount of Purchase Payments we receive under the Contract; or any other amount that, in our sole discretion, we deem appropriately reimburses us for premium taxes paid on this Contract.
Premium Taxes. Premium taxes are not reimbursed.
Time is Money Join Law Insider Premium to draft better contracts faster.