On Flat Extra Premiums definition
On Flat Extra Premiums. When a flat extra premium is payable for 5 years or less, an allowance of the gross flat extra charged by the Company will be made each year. When a flat extra premium is payable for more than 5 years, an allowance of 100% of the gross flat extra charged by the Company will be made in the first year and an allowance of -in each year thereafter.
Examples of On Flat Extra Premiums in a sentence
On Flat Extra Premiums When a flat extra premium is payable for 5 years or less, an allowance of 10% of the gross flat extra charged by the Company will be made each year.
On Multiple Extra Premiums: Not applicable On Supplementary Riders: Not applicable On Flat Extra Premiums: When a flat extra premium is payable for 5 years or less, an allowance of 10% of the gross flat extra charged by the Company will be made each year.