Policy Fees. The Company shall retain all policy fees in their entirety.
Policy Fees mean the sum of amounts charged to policyholders on behalf of Company, which [**].
Policy Fees. No policy fees shall be paid under this Agreement. [page break] AMENDMENT to MML BAY STATE LIFE INSURANCE COMPANY, and Effective August 1, 2011, (the “Amendment Effective Date”), the corporate retention of the Ceding Company will be revised per the attached retention schedule. All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
Examples of Policy Fees in a sentence
Life Allowances WP Allowances ADB Allowances Flat Extra Allowances Total Allowances Premium Taxes (if applicable) Total Amount Due = (Total Premium + Policy Fees) - (Total Allowances + Premium Taxes) The premium summary should balance to the Monthly Detail Report.
The Policy Establishment Charges, Administration Charges and Policy Fees will be funded through the cancellation of units in the respective Accounts.
Policy Fees payable on each Fee Payment Date will be calculated based on a 365-or 366-day year for the actual number of days elapsed and any calendar month ending during a weekend will include the days during such weekend falling in the next calendar month (which days will not be included in the next calendar month).
This Rider provides a waiver of the Surrender Charges and lower Asset Based Risk Charges and Policy Fees in exchange for higher Premium Expense Charges and generally higher cost of insurance charges.
Please refer to the attached Investment Policy, Fees & Charges leaflet for details of the investment policy, asset allocation, risk profile of the constituent funds.
More Definitions of Policy Fees
Policy Fees means (a) if the calculation is made as at the last day of the first three fiscal quarters of a RIC, the amount of policy fees for the four fiscal quarters of such RIC ended as at such last day, computed using the same information and in the same manner (except that such computation shall be for the preceding four fiscal quarters) as was utilized in preparing page 4, line 13 of the regulatory financial statement of such RIC, utilizing the format promulgated by NAIC and filed with the applicable Insurance Regulator, or if such format is changed after the Agreement Date, the same type of information, computed in the same manner (except that such computation shall be for the preceding four fiscal quarters), as contained on page 4, line 13 of such regulatory financial statement of such RIC dated September 30, 2004, or (b) if the calculation is made as at the last day of the fiscal year of a RIC, policy fees as shown on page 4, line 13 of the regulatory financial statement of such RIC as would be prepared for such period utilizing the identical format promulgated by NAIC and utilized by such RIC in preparing the December 31, 2004, annual statement filed with the applicable Insurance Regulator, or if such format is changed after the Agreement Date, the same type of information, computed in the same manner, as contained on page 4, line 13 of such regulatory financial statement of such RIC dated as of December 31, 2004.
Policy Fees. No policy fees shall be paid under this Agreement. Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue 1000 Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue Aggregate; Mandatory; Age Nearest; Unisex BOLI LCM07 Issue Reinsurance shall be self-administered by the Ceding Company. The Ceding Company shall maintain up-to-date records on business under the Agreement for reporting new issues, renewals, deaths, lapses and other adjustments on each reinsured policy or rider and shall provide reports to the Reinsurer subsequent to the close of each reporting period. The reporting period shall be monthly. The reports shall consist of sufficient detail for the Reinsurer to determine its amount of risk on reinsured policies and riders and to verify reinsurance premiums. Reports provided shall be the following:
Policy Fees. No policy fees shall be paid under this Agreement. [page break] AMENDMENT to the MML BAY STATE LIFE INSURANCE COMPANY, and For new policies issued on or after July 1, 2011, the Amendment effective date, the Ceding Company and the Reinsurer agree to replace Schedule G – Underwriting Guidelines of the above-referenced Agreement in its entirety with the attached Schedule G – Underwriting Guidelines which reflects underwriting changes. All terms and conditions of this Agreement not in conflict with the terms and conditions of this Amendment shall continue unchanged.
Policy Fees. No policy fees shall be paid under this Agreement. by . For % / % for % / % for .
Policy Fees. No policy fees shall be paid under this Agreement. [page break] AMENDMENT to Effective August 1, 2011, the Amendment effective date, the corporate retention of the Ceding Company will be revised per the attached retention schedule. All terms and conditions of the Agreements not in conflict with the terms and conditions of this Amendment shall continue unchanged.
Policy Fees. No policy fees shall be paid under this Agreement. [page break]
Policy Fees. The Administrator will be credited with 100% of all Policy fees which form part of collected Premium until the loss carryforward as calculated pursuant to Schedule C hereto is repaid in full by the Company to the Reinsurer. Upon such repayment in full, the Administrator shall pay to the Company an amount equal to (i) 66.67% of the Policy fees collected during calendar year 1999, plus (ii) 33.33% of Policy fees collected during calendar year 2000; provided, however, that such Policy fees shall be paid to the extent positive after-tax earnings from the Policies exist after the date of such repayment. SCHEDULE C RECAPTURE; EXPERIENCE REFUND At the end of each quarter, an experience refund will be calculated on the Policies reinsured. If positive, this experience refund will be payable to the Company by the Reinsurer. Should the Company be required to recapture the Policies pursuant to Article XVI due to any termination, recapture of the business under, or otherwise modification, amendment or alteration of the terms of the Initial Treaty, the Company shall be liable for repayment of the then outstanding LBF as defined below, in addition to an amount sufficient to assure the Reinsurer of a 12% return on its investment from the Effective Date. Such calculation shall include the provision for target surplus in the amount of 200% of the Authorized Control Level RBC using the factor agreed to by the Company and the Reinsurer as appropriate for the Policies reinsured. The formula for the calculation of the recapture amount will be agreed to by the parties to this Agreement. In addition, the recapture shall call for a net cash settlement, with interest at the rate of "I" as defined below, of all outstanding reserve amounts as of the recapture date. Define the following for the Policies reinsured: P = Premiums incurred during the quarter, and experience refunds under other reinsurance treaties, net of any reinsurance premiums for the Reinsurer's Share of the Policies reinsured.