Common use of Decreases In Coverage Clause in Contracts

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such decrease will serve to reduce target premium for the full period so that any regular compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be based on nine times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ________________ ("Principal").

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such decrease will serve to reduce target premium for the full period so that any regular APPENDIX C (CONTINUED) compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be based on nine times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. FIELD REPRESENTATIVE AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ___________________ ("PrincipalField Representative"). .

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such APPENDIX C (CONTINUED) decrease will serve to reduce target premium for the full period so that any regular compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be based on nine times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. MEMORANDUM OF AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ________________ ("PrincipalAGENT").

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such decrease will serve to reduce target premium for the full period so that any regular compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be APPENDIX D (CONTINUED) based on nine times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. MEMORANDUM OF AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ________________ ("PrincipalAGENT").

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such decrease will serve to reduce target premium for the full period so that any regular compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be based on nine APPENDIX C (CONTINUED) times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. FIELD REPRESENTATIVE AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ___________________ ("PrincipalField Representative"). .

Decreases In Coverage. A coverage decrease will be applied to a last previous coverage increase, if any, or to the initial coverage should no coverage increase have taken place. Such APPENDIX C (CONTINUED) decrease will serve to reduce target premium for the full period so that any regular compensation on subsequent premium received will be based on APPENDIX C (CONTINUED) lower target premium (i.e. The total of renewal compensation payable will be based on nine times the lower target premium). Any premium amount applied over such lower target premium will be compensated at excess rates for policy years 2 through 10 and at service fee rates for policy years 11 and greater. First year compensation will be paid on coverage increases only to the extent such increases should exceed previous coverage decreases. THE GUARDIAN INSURANCE & ANNUITY COMPANY, INC. AGREEMENT OF GENERAL AGENCY Agreement made this _________ day of ____________, 19___ by and between The Guardian Insurance & Annuity Company, Inc. ("GIAC"), a Delaware corporation and a wholly-owned subsidiary of The Guardian Life Insurance Company of America ("Guardian Life"), having its Principal office located at 000 Xxxx Xxxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx, 00000 and ________________ ("Principal").