Examples of Variable Fee in a sentence
The Variable Fee Approach (VFA) is a mandatory model for measuring contracts with direct participation features (also referred to as ‘direct participating contracts’).
Other than the General Model, the standard also provides a specific adaptation for contracts with direct participation features (the Variable Fee Approach) and a simplified approach (Premium Allocation Approach) mainly for short-duration contracts.
Licensee shall pay to S&P the following annual fees on a per Indexed Fund basis: The greater of the Minimum Fee or the Variable Fee set forth below due as of the close of the IPO.
Variable Fee: Five basis points (0.0005) multiplied by the total amount of assets raised during the initial public offering (IPO), payable at the close of such IPO.
The Standard outlines a General Model, which is modified for insurance contracts with direct participation features, described as the Variable Fee Approach.