Initial Allocation definition
Examples of Initial Allocation in a sentence
On the Initial Allocation Date, amounts in the Money Market Division will be allocated in accordance with the application.
Any net unscheduled additional premium received prior to the Initial Allocation Date will be allocated to the Money Market Division on the later of the Policy Date and the date the Company receives the premium.
On or after the Initial Allocation Date, the Owner may transfer the amounts invested in any of the Divisions.
Net Premium payments received after the In Force Date but prior to the Initial Allocation Date are transferred to the Separate Account upon receipt in the Home Office if received on a Valuation Date, but if not received on a Valuation Date then the transfer will occur on the next Valuation Date.
The initial net premium and any additional net premiums received prior to the Initial Allocation Date will be allocated to the Money Market Division on the date the premiums are received in the Home Office.