ON FLAT EXTRA PREMIUMS Clause Samples

ON FLAT EXTRA PREMIUMS. When a flat extra premium is payable for 5 years or less, an allowance of ____ of the gross flat extra charged by the Company will be made each year. When a flat extra premium is payable for more than 5 years, an allowance of ____ of the gross flat extra charged by the Company will be made in the first year and an allowance of _____ in each year thereafter.