Replaced Policy definition

Replaced Policy means a Policy which has been replaced by a Replacement Policy. If a Participant's Policy has been replaced more than one time, then the term Replaced Policy shall include all prior Policies.
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Examples of Replaced Policy in a sentence

  • Term 100% of the rates set forth above on the amount of Replaced Policy Premium received.

  • The Policy Owner agrees that no further benefits will be provided under the Replaced Policy, and that benefits provided under the Policy are in lieu of the benefits previously provided under the Replaced Policy.

  • We will pay renewal commissions at the rates set forth above on the amount of Replacement Policy Premium received that exceeds the amount of Replaced Policy Premium received in Policy Years 2-4.

  • The benefits provided to the Policy Owner under the Policy replace those previously provided under the Replaced Policy.

  • We will pay renewal commissions at the rates set forth above on the amount of Replacement Policy Premium that exceeds the amount of Replaced Policy Premium received in Policy Years 2-4.

  • We will pay first year commissions of 2.5% on the amount of Replaced Policy Premium received (excluding the cash value transfer).

  • Permanent in Policy Years 5 and later 20% of the rates set forth above on the amount of Replaced Policy Premium received up to and including the target premium amount; 3% on the amount of Replaced Policy Premium received in excess of the target premium amount.

  • REPLACEMENTS ------------ In the event that a life insurance policy or an annuity contract issued by an AXA Equitable Life Insurance Company or by MONY Life Insurance Company or an affiliate thereof (a "Replaced Policy") is surrendered, changed or exchanged in order to purchase an Equitable Life Policy, compensation will only be due and payable on new money (i.e., not values from the Replaced Policy), with the exception of a term conversion as described below.

  • We will pay first year commissions at the rates set forth above on the amount of Replacement Policy Premium received (excluding the cash value transfer) that exceeds the amount of Replaced Policy Premium received.

  • We will pay first year commissions of 1.5% on the amount of Replaced Policy Premium received (excluding the cash value transfer) in excess of the target premium amount.

Related to Replaced Policy

  • Covered policy means a policy of commercial risk insurance, professional liability insurance or public entity insurance.

  • Lapsed Policy means a Policy which has not acquired the Surrender Value and where the due Premium has not been received till the expiry of the Grace Period;

  • NAV Error Policy means the TRP Net Asset Value Error Policy as attached hereto as Schedule II.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Permitted Policy Amendment is an amendment, modification, termination or restatement of the Investment Policies, that is either (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b) required by applicable law or Governmental Authority, or (c) not material.