Classification Error definition

Classification Error means as to Signing Classification Errors, an incorrect classification of a Priced Life or a Priced Life's benefits as to be solicited or to be non-solicited, and as to Additional Classification Errors, sending a Lump-Sum Solicitation to a Priced Life, in respect of such Priced Life's benefits, referenced in Appendix 1.2 as a Non-Solicited Life, or not sending a Lump-Sum Solicitation to a Priced Life, in respect of such Priced Life's benefits, referenced in Appendix 1.2 as a Solicited Life.
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Examples of Classification Error in a sentence

  • The “Dry-Run Post-Solicitation Premium” shall be an amount, calculated by the Insurer, equal to (i) the Non-Solicited Annuity Premium, plus (ii) the Non-Electing Annuity Premium, minus (iii) the Dry-Run Single Life Mortality Correction plus (iv) the Dry-Run [ *** ], plus (v) the Dry-Run Additional Classification Error Correction, plus (vi) the Dry-Run Benefit Amount Correction.

  • If any Additional Classification Errors are reported to the Insurer, the Insurer shall, in connection with the calculation of whichever of the Dry-Run Post-Solicitation Premium, Preliminary Post-Solicitation Premium, Interim Post-Closing Post-Solicitation Premium or Post-Closing Post-Solicitation Premium is to be next calculated by the Insurer pursuant to this Agreement, deliver to the Company and to the Independent Third Party a calculation of the resulting Additional Classification Error Correction.

  • For the avoidance of doubt, the Dry-Run GAAP Liability Correction, the Dry-Run Additional Classification Error Correction and the Dry-Run Benefit Amount Correction could be negative numbers.

  • The Insurer shall calculate such Additional Classification Error Correction in accordance with the methodologies, [ *** ] (including methodologies relating to [ *** ]), that were applied by the Insurer in calculating the original Non-Solicited Annuity Premium, the Solicited Annuity Premium, and the Solicited Adjusted Annuity Premium, as applicable.

  • The “Preliminary Post-Solicitation Premium” shall be an amount, calculated by the Insurer, equal to (i) the Non-Solicited Annuity Premium, plus (ii) the Non-Electing Annuity Premium, minus (iii) the Preliminary Single Life Mortality Correction plus (iv) the Preliminary [ *** ], plus (v) the Preliminary Additional Classification Error Correction, plus or (vi) the Preliminary Benefit Amount Correction.

  • Surface Water Quality Classification Error! Bookmark not defined.

  • Error Classification: Error classification is proposed by Customer.

Related to Classification Error

  • Classification plan means the orderly arrangement of positions within an agency into separate and distinct job families so that each job family will contain those positions which involve similar or comparable skills, duties and responsibilities [74:840 1.3].

  • Job Classification means an arrangement of tasks in an establishment or industry into a limited series of jobs or occupations, rated in terms of skill, responsibility, experience, training, and similar considerations, usually for wage setting purposes. This term, or job class, refers to a single cluster of jobs of approximately equal “worth.”

  • Classification means the identification of a position by reference to a class title and pay range number.

  • film classification body means the person or persons designated as the authority under section 4 of the Video Recordings Act 1984 (c.39) (authority to determine suitability of video works for classification).

  • Change in Tax Classification has the meaning set forth in Section 5.2(h).