NET PREMIUM. The net premium is the amount of each premium paid that is available for allocation to the Divisions of the Separate Account. The amount of the net premium will be: - the premium paid; less - the Premium Expense Charge. The Premium Expense Charge will consist of the amounts shown on page 4.
NET PREMIUM. The Net Premium is the premium payment received less the Premium Expense Charge shown in Section 1, Contract Data.
NET PREMIUM. The premium payment minus the Premium Expense Charge.
NET PREMIUM. The Net Premium is the portion of each premium which is applied to the subaccounts of the Variable Account. The Net Premium is equal to the premium paid less the sum of: 1) The Percent of Premium Charge equal to 5% of the premium paid; and 2) The Premium Processing Charge. We reserve the right to change the amount of this charge. However, the Premium Processing Charge will never exceed the maximum charge shown on page 4.
NET PREMIUM. The remainder of a premium after deduction of the Premium Expense Charge.
NET PREMIUM. 1 Ownership..............................3
NET PREMIUM. The Net Premium equals the premium paid minus the premium expense charges shown in the Schedule. Premiums allocated to a new Segment will be subject to a new sales load. Premiums are allocated in the same proportion that the Guideline Annual Premium of each Segment bears to the sum of the Guideline Annual Premiums of all Segments. The Guideline Annual Premium for each Segment is shown in the Schedule. The target premium for each Segment is also shown in the Schedule. PREMIUM LIMITATION If the Definition of Life Insurance test used for your policy is the Guideline Premium/Cash Value Corridor Test, we will not accept any premium that causes your policy not to qualify as a life insurance policy under the Internal Revenue Code. No premium may be paid after the Insured's death. [ ] VARIABLE ACCOUNT PROVISION THE VARIABLE ACCOUNT [The Variable Account is an account established by us, pursuant to the laws of the State of Colorado, to separate the assets funding the benefits for the class of policies to which this policy belongs from the other assets of Security Life of Denver Insurance Company.] [The Variable Account is registered as a unit investment trust under the Investment Company Act of 1940. All income, gains and losses, whether or not realized, from assets allocated to the Variable Account are credited to or charged against the Variable Account without regard to income, gains or losses of our General Account. The assets of the Variable Account are our property but are separate from our General Account and our other Variable Accounts. That portion of the assets of the Variable Account which is equal to the reserves and other policy liabilities with respect to the Variable Account is not subject to creditor claims against us.] [The Variable Account is divided into divisions, each of which invests in a series fund portfolio designed to meet the objectives of the division. The current eligible divisions are shown in your annual policy prospectus. We may, from time to time, add additional divisions. If we do, you may be permitted to select from these other divisions subject to the terms and conditions we may impose on those allocations.] We reserve the right to limit the number of divisions in which you may invest over the life of the policy. This limit, if any, will be listed in the updated policy prospectus provided to you each year. CHANGES WITHIN THE VARIABLE ACCOUNT [When permitted by law, and subject to any required notice to you and approval of the Secu...
NET PREMIUM. The premium paid less any premium tax levied for the year the premium is paid.
NET PREMIUM. 4, 10 Assignment .......................................6
NET PREMIUM. Gross Premiums on Agency Billed Policies less the corresponding Sales Commissions.