Commissionable Premium definition

Commissionable Premium means the annual premium charged at initial policy or coverage issue.
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Commissionable Premium means with respect to each Subject Policy, the total, gross amount of all premiums and other sums paid by the policyholder during each Policy Year that such policy is in force during such policy’s level premium period (including, for the avoidance of doubt, for Settlement Periods after the Funding Termination Date), minus policy fees not exceeding $65.00 per policy per Policy Year. Commissionable Premium shall not be reduced by any Initial Amount Offsets that are payable or that have been paid.
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Examples of Commissionable Premium in a sentence

  • Commissionable Premium is the original gross premium less Household/Spousal and Early Enrollment discounts, and less the premium designated by Humana to cover the Part B Deductible if applicable to the plan purchased.

  • The Commissionable Premium payments will be made directly by the insurance carriers to Contractor.

  • Contractor is responsible for any amounts distributed by an applicable insurance carrier in Commissionable Premium that is unearned “Unearned Commissionable Premiums”).

  • Base commission will be calculated by multiplying the amount of the Commissionable Premium received by the commission rate determined under this Schedule.

  • Policy year is not affected by a plan or Product change unless there is a lapse in coverage greater than 6 months.4. Commissions are applied to Commissionable Premium only.

  • In addition, the reliability was deliberated by applying of Cronbach Alpha.

  • Individual Life Insurance will be split based upon the “Annualized Target Premium” (aka Commissionable Target Premium, Target Premium or Commissionable Premium); for term cases, that means the annual amount of premium the client pays (sometimes minus a policy fee).

  • Commissionable Premium is the original gross premium less Household/Spousal and Early Enrollment discounts.

  • Individual Life insurance will be split based upon the “Annualized Target Premium” (aka Commissionable Target Premium, Target Premium, or Commissionable Premium); for term cases, that means the annual amount of premium the client pays (sometimes minus a policy fee).

  • Individual Major Medical, Dental and Vision Products Individual Major Medical (IMM) – Commission ScheduleFor plans with an initial effective date of coverage between January 1, 2017 and March 1, 2017:Commissions in IMM Chart 1 are paid based on the IMM Commissionable Premium.

Related to Commissionable Premium

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Face Amount means, when used with respect to this Security, the amount set forth on the face of this Security as its “Face Amount.”

  • Lease Payment Date means, with respect to any Interest Payment Date, the 5th Business Day immediately preceding such Interest Payment Date.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Trustee Fee Rate 0.0025% per annum.

  • Loss Payment Date has the meaning specified in Section 7.05(a) of the Indenture.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Trustee Fee As to any Distribution Date, an amount equal to one-twelfth of the Trustee Fee Rate multiplied by the Pool Stated Principal Balance with respect to such Distribution Date.

  • Health professional shortage area means that term as defined in section 332(a)(1) of subpart II of part C of title III of the public health service act, chapter 373, 90 Stat. 2270, 42 U.S.C. 254e.

  • Final Payment Date means the "Final Payment Date" as specified in § 1 of the Product and Underlying Data.

  • Individual PAGA Payment means the Aggrieved Employee’s pro rata share of 25% of the PAGA Penalties calculated according to the number of Workweeks worked during the PAGA Period.

  • Remittance Amount means the funds denominated in Singapore Dollars or United Stated Dollars which is to be debited from the Customer's Account(s) and converted into the specified Foreign Amount.

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Hire Charges means the rates and charges payable by You for the hire of the Equipment.

  • Cumulative Shared-Loss Payments means (i) the aggregate of all of the payments made or payable to the Assuming Institution under the Shared-Loss Agreements minus

  • Sewage sludge fee weight means the weight of sewage sludge, in dry U.S. tons, excluding admixtures such as liming materials or bulking agents. Annual sewage sludge fees, as per section 3745.11(Y) of the Ohio Revised Code, are based on the reported sludge fee weight for the most recent calendar year.

  • Remittance Rate With respect to each Mortgage Loan, the related Note Rate minus the Servicing Fee Rate.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.