Commission Allowance definition

Commission Allowance shall have the meaning set forth in Schedule C.

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Commission Allowance means actual commissions paid to producers or other expenses incurred in lieu of producers' commission.

Commission Allowance as described in Schedule D; and

Examples of Commission Allowance in a sentence

For each Accounting Period, the Commission Allowance equals the total amount of initial commission (i.e., not trail commission) paid to distributors of the Reinsured Contracts to reflect the receipt of additional premiums on the Reinsured Contracts.
The Revised Renewal Commission Allowance formula is: [***] The revised annual reinsurance premium per $1,000 shall not exceed the applicable reinsurance rates contained in this Agreement or the one year term rate on the appropriate multiple of the applicable Commissioner’s 1980 Standard Ordinary Mortality Table, whichever is greater.
Premium Taxes & Renewal Commission Allowance of [*]% per annum of direct premiums as shown in monthly settlement statement, as well as [*] basis points per annum on the Account Value of the Reinsured Policies.
For each Accounting Period, the Commission Allowance equals the total amount of commission paid to distributors of the Reinsured Policies to reflect the receipt of premiums on the Policies.
Eligible staff members as described in Clause 1 (c) above shall be able to transfer savings from the Commission Allowance Account to their Staff Savings Account.
During the Transition Period, to prepare agent commission statements and disburse funds to agents based on the results of the commission statements, not to exceed the "Commission Allowance" as defined in the Coinsurance Agreement.
Administrator's responsibility shall be: Following the Transition Period, to prepare agent commission statements and disburse funds to agents based on the results of the commission statements, pursuant to Client's guidelines and instructions, not to exceed the "Commission Allowance" as defined in the Coinsurance Agreement.
Miscellaneous Income Fees Other income = a + b + c + d + e + f 3 Commission Allowance @ Quota Share % (Article III, Paragraph 1] 4 Expense Allowance @ Quota Share % (Article III, Paragraph 2) a.
The Reinsurer shall pay the Ceding Company a -------------------- Commission Allowance equal to 2.5% of the gross Policy premiums and deposits collected during the Accounting Period with respect to the Policies for years 2 and later.
An eligible staff member for purposes of this option cannot transfer funds/savings from the Staff Savings Account to the Commission Allowance Account.

More Definitions of Commission Allowance

Commission Allowance means, as of the Effective Date, an annual amount equal to the Reinsurer's Quota Share of compensation (including both up front and trail commissions) with respect to the FLIC Contracts to or for the benefit of the distributors who marketed or produced the FLIC Contracts.

Commission Allowance has the meaning set forth in Section 3.4.

Commission Allowance means actual commissions paid to agents or other expenses incurred in lieu of agents' commission as approved by the insurance department.

Commission Allowance means actual commissions paid to agents or other expenses incurred in lieu of agents' commission.