Chargeback Schedule Clause Samples

Chargeback Schedule. Months Premium Paid Chargeback Percentage of first year commission Months Premium Paid Chargeback Percentage of first year commission 1 100 13 55 2 100 14 50 3 100 15 45 4 100 16 40 5 95 17 35 6 90 18 30 7 85 19 25 8 80 20 20 9 75 21 15 10 70 22 10 12 60 24 0 ForestersTM is the trade name and a trademark of The Independent Order of Foresters (‘’Foresters’’), a fraternal benefit society. Its subsidiaries, including Foresters Life Insurance Company (‘’Foresters Life’’), are licensed to use this ▇▇▇▇. The duty of the Broker, as defined under the Agreement, is to comply with the insurance laws of every jurisdiction in which he is licensed as a life or accident and sickness Broker. It is not sufficient, however, for a Broker to observe merely the letter of the law; the Broker has important responsibilities to the policyholders and prospective purchasers whom he serves and to the insurer whose insurance he sells. CLHIA Council has suggested to member companies that copies of the Code be furnished to all existing and future Brokers. Copies with considerable explanatory commentary and helpful definitions are available in booklet form from Advocis. By entering into contract with ForestersTM (“Foresters”) and Foresters Life Insurance Company (“Foresters Life”) (each individually and collectively a “Company”), you agree to adhere at minimum to the following code of conduct.