Commission Expense Sample Clauses
Commission Expense. Commission expense shall be computed by dividing commissions paid to Agent by premiums written to obtain the percentage of commissions paid. The percentage is then applied to the earned premium to determine commission expense for the current year.
Commission Expense. The portion allocated to Commission Expense, Column D, Item ____, initially totaling ____ dollars ($____), shall be disbursed for the payment of Commission Expense.
Commission Expense. The underlying agents' and brokers' commissions and service or expense allowances that MIC has reimbursed, or that are due and payable by MIC, to MIC's ceding companies with respect to the Business.