Commissionable Premium definition

Commissionable Premium means the annual premium charged at initial policy or coverage issue.
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Commissionable Premium means with respect to each Subject Policy, the total, gross amount of all premiums and other sums paid by the policyholder during each Policy Year that such policy is in force during such policy’s level premium period (including, for the avoidance of doubt, for Settlement Periods after the Funding Termination Date), minus policy fees not exceeding $65.00 per policy per Policy Year. Commissionable Premium shall not be reduced by any Initial Amount Offsets that are payable or that have been paid.
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Examples of Commissionable Premium in a sentence

  • The Commissionable Premium payments will be made directly by the insurance carriers to Contractor.

  • Contractor is responsible for any amounts distributed by an applicable insurance carrier in Commissionable Premium that is unearned “Unearned Commissionable Premiums”).

  • The "Excess Premium" rate will be applied to any premiums received in excess of the Commissionable Premium corresponding to $1,000,000 of Specified Amount.

  • Commissionable Premium is the original gross premium less Household/Spousal and Early Enrollment discounts, and less the premium designated by Humana to cover the Part B Deductible if applicable to the plan purchased.

  • In addition, the reliability was deliberated by applying of Cronbach Alpha.

  • Individual Life insurance will be split based upon the “Annualized Target Premium” (aka Commissionable Target Premium, Target Premium, or Commissionable Premium); for term cases, that means the annual amount of premium the client pays (sometimes minus a policy fee).

  • For conversion to Universal Life, exercised without evidence of insurability, of any term insurance which was originally issued by a company other than Lincoln National Life, the Commissionable Premium rate will apply only to the first $1,000,000 of Specified Amount for the Universal Life policy.

  • Tables showing the Maximum Commissionable Premium ("MCP") and the SEC Guideline Premium ("SECGP"), for each $1,000 of stated amount of insurance and at varying issue ages, are attached to and made a part of this Supplement.

  • The Commissionable Premium payments will be made directly by the Carriers to the Contractor.

  • Advance Recovery is calculated by Commission Rate % multiplied by Commissionable Premium received.

Related to Commissionable Premium

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Reasonable payment means, with respect to professional and other technical services, a payment in an amount that is consistent with the amount normally paid for such services in the private sector.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Trustee Fee Rate 0.0025% per annum.

  • Provider fee means the consideration paid for a service contract.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Trustee Fee As to any Distribution Date, an amount equal to one-twelfth of the Trustee Fee Rate multiplied by the Pool Stated Principal Balance with respect to such Distribution Date.

  • Health professional shortage area means that term as defined in section 332(a)(1) of subpart II of part C of title III of the public health service act, chapter 373, 90 Stat. 2270, 42 U.S.C. 254e.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.

  • Debt Service Charges means for any Measurement Period, the sum of (a) Consolidated Interest Charges paid or required to be paid for such Measurement Period, plus (b) principal payments made or required to be made on account of Indebtedness (excluding the Obligations and any Synthetic Lease Obligations but including, without limitation, Capital Lease Obligations) for such Measurement Period, in each case determined on a Consolidated basis in accordance with GAAP.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Price Differential Payment Date means, with respect to a Purchased Mortgage Loan, the 5th day of the month following the related Purchase Date and each succeeding 5th day of the month thereafter; provided, that, with respect to such Purchased Mortgage Loan, the final Price Differential Payment Date shall be the related Repurchase Date; and provided, further, that if any such day is not a Business Day, the Price Differential Payment Date shall be the next succeeding Business Day.

  • Sewage sludge fee weight means the weight of sewage sludge, in dry U.S. tons, excluding admixtures such as liming materials or bulking agents. Annual sewage sludge fees, as per section 3745.11(Y) of the Ohio Revised Code, are based on the reported sludge fee weight for the most recent calendar year.

  • Remittance Rate With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.