Allocated Premium definition

Allocated Premium means the amount of your Premium that we allocate to Sub-Fund Units. It is the Premium less any External Bank Fees and our Card Payment Fee, if applicable. For Single Premiums, it is also less the Single Premium Establishment Fee.
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Allocated Premium is defined in Section 13.2.
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Allocated Premium means the amount of the Single Premium remaining after the application of the premium allocation rate mentioned in the Schedule which the Company shall use to allocate units in the Policyholder’s account notionally.
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Examples of Allocated Premium in a sentence

  • For each Monthly Accounting Period, the Parties shall cooperate and provide the other with information regarding Allocated Premium Taxes which is reasonably necessary to calculate the Net Settlement.

  • The amount of Allocated Premium Taxes included in Reinsured Liabilities is an allowance for any Premium Taxes, and, notwithstanding anything to the contrary in this Agreement, the Reinsurer shall have no additional obligation to reinsure, indemnify or reimburse the Ceding Company for any Premium Taxes.

  • On the Issue Date, the Indexed MNA Base is equal to the Allocated Premium Payment to the Indexed Strategy multiplied by the Minimum Nonforfeiture Amount Premium Factor shown on the Contract Data Page.

  • The Allocated Premium Payment for each Strategy is that portion of the Premium Payment allocated in accordance with Your selection effective as of the Issue Date.

  • The Allocated Premium Payment is subject to the allocation requirements set forth in Electing Strategies.

  • The amount of Premium Taxes included in each Net Settlement shall be determined in accordance with the definition of Allocated Premium Taxes.

  • Within thirty (30) Business Days of the Administrator’s receipt of the Final True-Up, each Ceding Company and the Administrator shall discuss in good faith any adjustments to the assumed rates of Premium Taxes used in the definition of Allocated Premium Taxes in light of the results of the Final True-Up.

  • For each Monthly Accounting Period, the Parties shall cooperate and provide the other with information regarding Allocated Premium Taxes which is reasonably necessary to calculate the Monthly Net Settlement.

  • The amount of Allocated Premium Taxes included in Reinsured Liabilities is an allowance for any Premium taxes, and, notwithstanding anything to the contrary in this Agreement, the Reinsurer shall have no additional obligation to reinsure, indemnify or reimburse the Ceding Company for any Premium Taxes.

  • For each Monthly Accounting Period, the Parties shall cooperate and provide the other with information regarding premium Taxes and guaranty fund assessments which is reasonably necessary to calculate the Net Settlement, provided that any payment or reimbursement in respect of Allocated Premium Taxes shall be settled between the Parties as set forth in the Administrative Services Agreement.