Initial Commission definition

Initial Commission means any amount paid by the Society to an Intermediary for the introduction of a Client who takes out a Contract with the Society or who amends an existing Contract that has the effect of increasing the level of premiums payable.
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Initial Commission means a commission for an Initial Enrollment.
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Initial Commission the commission payable by Fairmead to the Intermediary on the premiums or instalments paid or to be paid by a Policyholder to Fairmead in respect of a Policy during the first 12 months of the policy;
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Examples of Initial Commission in a sentence

  • Humana will pay the Initial Commission or Renewal Rate Commission outlined in this chart based on a beneficiary’s prior history with Medicare or Medicare Products as described in the “First Year of Coverage” and “Subsequent Years” charts below.

  • Note that the first and second commission payments, when added together, equal the applicable full Initial Commission, regardless of the enrollment effective date or month.

  • The Initial Commission fee is payable on the commencement of the tenancy.

  • The Initial Commission fee is charged as a percentage of the total rental value of the agreed term as specified in the tenancy agreement, subject to clause 1.1.5 below.

  • Insurance - Initial (Commission on Life Insurance Products)The relevant insurer will pay initial commission based on a number of factors, including the annual premium, loadings which apply to the premium (such as medical or payment frequency loadings), and any policy or other fees.


More Definitions of Initial Commission

Initial Commission means the Initial Annualised Premium x Initial Total Participants x Initial Commission Rate
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Initial Commission means initial commission at the rates set out in the Exeter Commission Schedule.
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Initial Commission has the meaning specified as such in the Pricing Supplement.
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Initial Commission means commission paid to the Introducer as a one-off
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Initial Commission means, either:
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Initial Commission. – means the Initial Commission as described in section 9.
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Initial Commission means commission payable by Sterling and payable to the Intermediary, as described in clause 3.3;
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