Calculation of Penalty a. The Penalty shall be calculated in the manner as specified in Schedule X;
Calculation of Penalty. The total possible penalty for failure to perform is $10,000,000 (Ten Million Dollars). The amount of the total possible penalty that is to be imposed will be calculated by the Monitoring Regulators based on the following table. Each section of the SPM has been assigned a weighted percentage of the total possible penalty that may be imposed for failure to meet the standards of that section. The weighted percentages are as follows: Required Action Weighted Percentage of Penalty Agent Training 25% Agent Oversight 25% Claims Handling 8% Claims Procedures Manual 8% Identification of Company 2% Transparent Relationships with Associations 10% Complaints And Grievances 10% Cancellation, Non-Renewal And Discontinuance Notices 2% Compliance Program 4% Separate Financial Information For PDA & SDA 2% Accounting Support for Treatment of Agents’ Stock Benefit Match 2% Providing Requested Copy of Outside Consulting Report 1% Required Action Weighted Percentage of Penalty Report to Regulators Outlining All Changes 1%
Calculation of Penalty. If any Employee is unable to commence a meal period end of the sixth (6th) hour of work. the Employee shall be paid a meal penalty as per the following until such time as the meal period is forthcoming:
Calculation of Penalty. The total possible penalty for failure to perform is $10,000,000 (Ten Million Dollars). The amount of the total possible penalty that is to be imposed will be calculated by the Monitoring Regulators based on the following table. Each section of the SPM has been assigned a weighted percentage of the total possible penalty that may be imposed for failure to meet the standards of that section. The weighted percentages are as follows: Weighted Percentage of Required Action Penalty Agent Training 25 % Agent Oversight 25 % Claims Handling 8 % Claims Procedures Manual 8 % Identification of Company 2 % Transparent Relationships with Associations 10 % Complaints And Grievances 10 % Cancellation, Non — Renewal And Discontinuance Notices 2 % Compliance Program 4 % Separate Financial Information For PDA & SDA 2 % Accounting Support for Treatment of Agents’ Stock Benefit Match 2 % Providing Requested Copy of Outside Consulting Report 1 % Report to Regulators Outlining All Changes 1 % IN THE MATTER OF THE MARKET CONDUCT EXAMINATION OF THE MEGA LIFE AND HEALTH INSURANCE COMPANY, MID-WEST NATIONAL LIFE INSURANCE COMPANY OF TENNESSEE, AND THE CHESAPEAKE LIFE INSURANCE COMPANY REGULATORY SETTLEMENT AGREEMENT
