Policy Charge definition

Policy Charge has the meaning given in Clause 5.1;
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Policy Charge any charges in addition to the Policy Premium that are payable by the Policyholder.
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Policy Charge means an expense charge that will be deducted from the Policy Value each month.
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Examples of Policy Charge in a sentence

  • Also for the avoidance of doubt, this clause is not applicable in respect of net Sub-Funds (in respect of which the Policy Charge is deducted from the Sub-Fund in accordance with the Fee & Instruction Agreement).

  • MPF and the Trustee agree that they shall not, and will procure that their professional advisors and agents shall not use or disclose to any person any information relating to the other parties and/or to the subject matter of the Policy which a reasonable person in the position of the relevant person should understand to be confidential (including, but not limited to, the Policy Charge applicable in respect of the Policy).

  • For the avoidance of doubt, to the extent that MPF deducts any such Policy Charge amount from the redemption proceeds the Trustee will cease to owe that Policy Charge amount to MPF.

  • No Policy Charge or other cost is payable by the Policyholder in respect of the Subscriptions and Redemptions Sub-Fund.

  • In the event of non-payment by the Trustee of the Policy Charge, MPF is authorised in its discretion to either (i) deduct the Policy Charge from any Contribution or Contributions which are paid; or (ii) to discharge whole or part of the Policy Charge by cancelling a number of Contribution Units in such Sub-Fund or Sub-Funds and on such Dealing Day as may be selected by MPF in its sole discretion and deducting the due Policy Charge from the redemption proceeds.


More Definitions of Policy Charge

Policy Charge. The premium calculated as above shall be increased by a policy charge of $.20 for each $1,000 of insurance in force hereunder at the beginning of the then current policy year for each policy month which occurs during the premium paying period, provided that the policy charge shall not exceed $8.00 in respect of any month. During the first policy year, the policy charge shall be waived and the total premium is subject to a reduction of 35%. Advance Expense Adjustment For the first policy year the total premium, including the policy charge, shall be reduced by the applicable advance expense adjustment indicated below (for annual, semi-annual or quarterly premiums, divide the total premium, including the policy charge by 12, 6, or 8, respectively, before entering this table): Total Monthly Advance Expense Total Monthly Advance Expense Premium Before Adjustment Premium Before Adjustment Advance Expense Advance Expense Adjustment Adjustment Under $125 0% $ 700- 899 26% $125-149 10 900- 1,399 27 150-174 11 1,400- 2,499 28 175-199 13 2,500- 3,999 29 200-224 14 4,000- 7,499 30 225-249 16 7,500-11,999 31 250-299 17 12,000-26,999 32 300-349 19 27,000-59,999 33 350-399 20 60,000-79,999 34 400-449 21 80,000 and over 35 450-499 22 500-549 23 550-599 24 600-699 25
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Policy Charge. The calculated premium shall be increased by a policy charge of $.20 for each $1,000 of insurance in force at the start of the then current policy year. This applies for each policy month in the premium paying period. The policy charge shall not exceed $8.00 for any month. GR-29 1170 ED. 7-73 Page 9110 F205432
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Related to Policy Charge

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • Usual and customary charge means the average amount charged by most providers for treatment, service or supplies in the geographic area where the treatment, service or supply is provided.

  • User charge means a charge imposed on airlines for the provision of airport, air navigation, or aviation security facilities or services including related services and facilities.

  • Transition bond charge means a charge, expressed as an

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Adviser Charge : means the fee agreed with your financial adviser in remuneration for the personal recommendation received prior to submission of an Application Form.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.