Common use of Internal Company Replacements Clause in Contracts

Internal Company Replacements. Company will calculate commission when a new Omaha Insurance Company Medicare Supplement policy replaces an existing Omaha Insurance Company Medicare Supplement policy, or an existing Omaha Insurance Company Medicare Select policy, and the producer of record does not change. Company will calculate the commission on the new internal replacement policy based upon the policy year of the policy currently being replaced.

Internal Company Replacements. Company will calculate commission when a new United of Omaha Life Insurance Company Medicare Supplement policy replaces an existing United of Omaha Life Insurance Company Medicare Supplement policy, or an existing United of Omaha Life Insurance Company Medicare Select policy, and the producer of record does not change. Company will calculate the commission on the new internal replacement policy based upon the policy year of the policy currently being replaced.

Internal Company Replacements. Company will calculate commission when a new Mutual of Omaha Insurance Company Medicare Supplement Select policy replaces an existing Mutual of Omaha Insurance Company Medicare Select policy, or an existing Mutual of Omaha Insurance Company Medicare Supplement policy, or an existing Mutual of Omaha Insurance Company Medicare Select policySupplement Trust policy or certificate, and the producer of record does not change. Company will calculate the commission on the new internal replacement policy based upon the policy year of the policy currently being replaced.