Continuation Policy Fee Sample Clauses

Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid LINCOLN a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid LINCOLN a policy fee on reinsurance of the original policy. Waiver of Premium Disability Accidental Death Benefits
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid the LINCOLN a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid the LINCOLN a policy fee on reinsurance of the original policy. Waiver of Premium Disability Accidental Death Benefits SCHEDULE D, PART VI (Effective July 1, 1995) [Redacted] Reinsurance Premium Rates Variable Universal Life 500 (VUL500) Plan Fully Underwritten Issues Standard Risks Substandard Risks
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid the LINCOLN a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid the LINCOLN a policy fee on reinsurance of the original policy. Waiver of Premium Disability Accidental Death Benefits TABLE lb Current Cost of Insurance Charges Per $1,000 of Insurance Coverage* select Rates [Redacted] VUL 500 PLUS UNISEX COST OF INSURANCE CHARGES [Redacted] AMENDMENT to the Risk Premium Reinsurance Agreement (the “Agreement”) effective April 1, 1985, between FORTIS BENEFITS INSURANCE COMPANY of St. Pxxx, Minnesota, hereinafter referred to as the “REINSURED,” and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY of Fort Wxxxx, Indiana, hereinafter referred to as the “LINCOLN.”
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid LINCOLN a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid LINCOLN a policy fee on reinsurance of the original policy. Waiver of Premium Disability Accidental Death Benefits SCHEDULE D, PART VIII (Effective May 1, 1999) Reinsurance Premium Rates Private Placement Variable Universal Life Fully Underwritten Issues Substandard Risks [Redacted]
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid the [name of reinsurance company] a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid the [name of reinsurance company] a policy fee on reinsurance of the original policy.
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating basic premium, be considered a renewal if the Reinsured has paid Lincoln a first-year policy fee on reinsurance of the original policy and as a new issue if the Reinsured has not paid Lincoln a policy fee on reinsurance of the original policy. Waiver of Premium Disability Accidental Death Benefits REINSURANCE AGREEMENT Between ST. PXXX LIFE INSURANCE COMPANY and THE LINCOLN NATIONAL LIFE INSURANCE COMPANY Inspected By K Date 11-14-85 TABLE OF CONTENTS Page Reinsurance Coverage 1 Reinsurance Limits 3 Placing Reinsurance in Effect 4 Computation of Reinsurance Premiums 5 Payment of Reinsurance Premiums 6 Settlement of Claims 8 Experience Refunds 10 Premium Tax Reimbursement 10 Policy Changes 10 Reinstatements 10 Expenses 10 Reductions 11 Inspection of Records 11 Increase in Limit of Retention 12 Oversights 13 Arbitration 14 Choice of Law and Forum 15 Insolvency 16 Parties to Agreement 17 Execution and Duration of Agreement 17 Policy Forms Subject to Reinsurance Hereunder Appendix I Retention Limits of the REINSURED Schedule A Maximum Amounts which the REINSURED may cede Automatically Schedule B Conditional Receipt Coverage Schedule B, Part I REINSURED’S Conditional Receipt Schedule B, Part II Facultative Application Schedule C Policy Detail Report Schedule C, Part I Summary Premium Report Schedule C, Part II Policy Exhibit Schedule C, Part III Quarterly Reserve Report Schedule C, Part IV Reinsurance Premium Rates Schedule D, Part I & II REINSURANCE AGREEMENT between
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Continuation Policy Fee. If the premium scale applicable to a continuation contains a policy fee, a continuation shall, for purposes of determining the policy fee only and notwithstanding the method prescribed for calculating the basic premium, be considered a renewal if the REINSURED has paid the [NAME OF REINSURANCE COMPANY] a first-year policy fee on reinsurance of the original policy and as a new issue if the REINSURED has not paid the [NAME OF REINSURANCE COMPANY] a policy fee on reinsurance of the original policy. Waiver of Premium Disability The premium which the REINSURED charges the insured on the amount reinsured less total allowances of [percentage] first year and [percentage] in renewal years. PREMIUM SCHEDULE, PART II (Effective February 1, 1993) Reinsurance Premium Rates Age Last Calculation Fully Underwritten Issues Standard Risks The monthly reinsurance premium shall be the attached Guaranteed Maximum cost of insurance rates charged the insured per thousand of the net amount at risk times the following percentages based on an age last calculations: Policy Year 1 2+ ------- ------ % % Substandard Risks The substandard table extra premiums shall be the number of tables assessed the risk times [percentage] of the attached appropriate standard rates times the above percentages. Continuations to Issues Reinsured Hereunder The reinsurance premium for policies reinsured under this agreement as continuations shall be the appropriate premium described in this agreement; unless the reinsurance agreement under which the original policy was reinsured specifies otherwise, the policy duration and attained age of the insured for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. Continuations from Issues Reinsured Hereunder The reinsurance premium for continuations of policies reinsured under this agreement shall be as described in the agreement which covers the new policy; unless that agreement specifies otherwise, the policy duration and attained age of the insured, for purposes of calculating such premiums, shall be determined as though the continuations were issued on the same date and at the same issue age as the original policy. If no such agreement is in effect between the [NAME OF REINSURANCE COMPANY] and the REINSURED, reinsurance shall continue hereunder. PREMIUM SCHEDULE, PART II (CONTINUED) Continuation Policy Fee If the premium scale applicable to a cont...
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Related to Continuation Policy Fee

  • Continuation Coverage Consistent with state and federal laws, certain employees, former employees, dependents, and former dependents may continue group health, dental, and/or life coverage at their own expense for a fixed length of time. As of the date of this Agreement, state and federal laws allow certain group coverages to be continued if they would otherwise terminate due to:

  • Continuation of Coverage If your coverage is terminated, you may be eligible to continue your coverage in accordance with state or federal law. Continuation of Coverage According to State Law In accordance with R.I. General Laws §. 27-19.1, if your employment is terminated due to one of the following reason, your healthcare coverage may be continued, provided that you continue to pay the applicable premiums. • Involuntary layoff or death; • The workplace ceasing to exist; or • Permanent reduction in size of the workforce. The period of this continuation will be for up to eighteen (18) months from your termination date, but not to exceed the period of continuous employment preceding termination with your employer. The continuation period will end for any person covered under your policy on the date the person becomes employed by another group and is eligible for benefits under that group’s plan.

  • Benefit Continuation You and your then eligible dependents shall continue to be covered by and participate in the group health and dental care plans (collectively, “Health Plans”) of the Company (at the Company’s cost) in which you participated, or were eligible to participate, immediately prior to the Date of Termination through the end of the Benefit Continuation Period; provided, however, that any medical or dental welfare benefit otherwise receivable by you hereunder shall be reduced to the extent that you become covered under a group health or dental care plan providing comparable medical and health benefits. You shall be eligible to participate in such Health Plans on terms that are at least as favorable as those in effect immediately prior to the Date of Termination. However, in the event that the terms of the Company’s Health Plans do not permit you to participate in those plans (other than pursuant to an election under the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”)), in lieu of your and your eligible dependent’s coverage and participation under the Company’s Health Plans, the Company shall pay to you within fifteen (15) calendar days after the effective date of the Waiver and Release a lump sum equal to two (2) times your monthly COBRA premium amount for the number of months remaining in the Benefit Continuation Period. In addition, for the purposes of coverage under COBRA, your COBRA event date will be the date of loss of coverage described in this paragraph above.

  • Continuation and Reinstatement, etc Each Guarantor further agrees that its guaranty hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by the Administrative Agent, the Issuing Lenders, any Lender or any other Secured Party upon the bankruptcy or reorganization of the Borrower or a Guarantor, or otherwise.

  • Continuation of Benefits Following the termination of Executive’s employment hereunder, the Executive shall have the right to continue in the Company’s group health insurance plan or other Company benefit program as may be required by COBRA or any other federal or state law or regulation.

  • Continuation of Agreement This Agreement shall become effective for each Fund as of the date first set forth above and shall continue in effect for each Fund until August 1, 2010, unless sooner terminated as hereinafter provided, and shall continue in effect from year to year thereafter for each Fund only as long as such continuance is specifically approved at least annually (i) by either the Board of Directors or by the vote of a majority of the outstanding voting securities of such Fund, and (ii) by the vote of a majority of the Directors, who are not parties to the Agreement or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. The annual approvals provided for herein shall be effective to continue this Agreement from year to year if given within a period beginning not more than 90 days prior to August 1st of each applicable year, notwithstanding the fact that more than 365 days may have elapsed since the date on which such approval was last given.

  • Continuation of Insurance All policies of insurance shall provide for at least 30 days prior written cancellation notice to the Secured Party. In the event of failure by the Debtor to provide and maintain insurance as herein provided, the Secured Party may, at its option, provide such insurance and charge the amount thereof to the Debtor. The Debtor shall furnish the Secured Party with certificates of insurance and policies evidencing compliance with the foregoing insurance provision.

  • Reinstatement and Continuation of Agreement If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay to the estate of any Credit Party or any other Person any payment made in satisfaction of all or any portion of the Senior Priority Obligations (a “Senior Priority Recovery”), then the Senior Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery. If this Agreement shall have been terminated prior to such Senior Priority Recovery, this Agreement shall be reinstated in full force and effect in the event of such Senior Priority Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the Parties from such date of reinstatement. All rights, interests, agreements, and obligations of each Agent, each Senior Priority Creditor, and each Junior Priority Creditor under this Agreement shall remain in full force and effect and shall continue irrespective of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any Credit Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the Senior Priority Obligations or the Junior Priority Obligations. No priority or right of any Senior Priority Secured Party shall at any time be prejudiced or impaired in any way by any act or failure to act on the part of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Senior Priority Documents, regardless of any knowledge thereof which any Senior Priority Secured Party may have.

  • Formation and Continuation (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

  • Continuation of Services The Contractor shall work with the current Subcontractor prior to cancellation date to ensure all consumer needs are identified and appropriate placements and transportation needs, as applicable, have been arranged. The Subcontractor shall maintain communication with the Contractor on the process of transferring consumers until all consumers are placed.

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