COMMUTATION FEE definition
COMMUTATION FEE. A fee assessed after the Income Date by the Company equal to the percentage of the amount liquidated as shown on the Contract Schedule. COMPANY: Allianz Life Insurance Company of North America.
COMMUTATION FEE. A fee assessed by the Company equal to the percentage of the amount liquidated as shown on the Contract Schedule. COMPANY: Allianz Life Insurance Company of North America. CONTINGENT DEFERRED SALES CHARGE BASIS AMOUNT: The amount which may be subject to Contingent Deferred Sales Charges upon withdrawal.