Common use of Renewal Compensation Clause in Contracts

Renewal Compensation. A fee for the second through fifteenth years equal to 3.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.

Renewal Compensation. A fee for the second through fifteenth years equal to 3.02.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.

Renewal Compensation. A fee for the second and third policy years of 4% (4.0% where the insured has an attained age greater than 75) of an amount equal to premium paid for the policy year in question, a fee for the fourth through fifteenth years years, equal to 3.04.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.

Renewal Compensation. A fee for the second through fifteenth fifteen policy years of 2.0% of an amount equal to 3.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.2% of the premium paid for the policy year in question.

Renewal Compensation. A fee for the second through fifteenth fifteen policy years of 3.00% of an amount equal to 3.0% of the premium paid for the policy year in question, and a fee for the sixteenth and later policy years equal to 1.21.20% of the premium paid for the policy year in question.