Common use of Compensation Payments Clause in Contracts

Compensation Payments. Compensation on initial premiums shall be due to the SELLING BROKER-DEALER at the time of the issuance of the policy. Thereafter, it shall be payable at the time of the receipt and acceptance of premium by SECURITY LIFE, except that the amount, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKER-DEALER in accordance with the Schedule J in effect at the time of issue of the policy.

Compensation Payments. Compensation on initial premiums premium shall be due to the SELLING BROKERSelling Broker-DEALER Dealer at the time of the issuance of the policy. Thereafter, it shall be payable policy and for all other premium payments at the time of the receipt and acceptance of premium by SECURITY LIFESecurity Life, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S Security Life's underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKERSelling Broker-DEALER Dealer in accordance with the Schedule J N in effect at the time of issue of the policy.

Compensation Payments. Compensation on initial premiums premium shall be due to the SELLING BROKER-DEALER at the time of the issuance of the policy. Thereafter, it shall be payable policy and for all other premium payments at the time of the receipt and acceptance of premium by SECURITY LIFE, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKER-DEALER in accordance with the Schedule J H in effect at the time of issue of the policy.

Compensation Payments. Compensation on initial premiums premium shall be due to the --------------------- SELLING BROKER-DEALER at the time of the issuance of the policy. Thereafter, it shall be payable policy and for all other premium payments at the time of the receipt and acceptance of premium by SECURITY LIFE, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKER-DEALER in accordance with the Schedule J in effect at the time of issue of the policy.

Compensation Payments. Compensation on initial premiums premium shall be due to the SELLING BROKER-DEALER at the time of the issuance of the policy. Thereafter, it shall be payable policy and for all other premium payments at the time of the receipt and acceptance of premium by SECURITY LIFE, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKER-DEALER in accordance with the Schedule J H in effect at the time of issue of the policy.

Compensation Payments. Compensation on initial premiums premium shall be due to the SELLING BROKERSelling Broker-DEALER Dealer at the time of the issuance of the policy. Thereafter, it shall be payable policy and for all other premium payments at the time of the receipt and acceptance of premium by SECURITY LIFESecurity Life, except that the amount, if any, and the time of payment of compensation on stated death benefit increases, replacements, reissues, changes, conversions, exchanges, term renewals, term conversions, premiums paid in advance, policies issued on a "guaranteed issue" basis, policies requiring facultative reinsurance arrangements, and other special cases and programs shall be governed by SECURITY LIFE'S Security Life's underwriting and administrative rules then in effect. The Compensation shall be payable to the SELLING BROKERSelling Broker-DEALER Dealer in accordance with the Schedule J B in effect at the time of issue of the policy.