Maximum Premium
- (9) A brief description of the premium outlay or contract premium, if applicable, required by the policy.
- For a policy which does not require a specific premium payment, a statement as to what premium outlay must be paid to guarantee coverage for the term of the contract, subject to maximum premiums allowable to qualify as life insurance under the applicable provisions of the Internal Revenue Code;
ATTACHMENT THREE-A - ILLUSTRATIONS USED IN CONNECTION WITH THE SALE OF LIFE INSURANCE MODEL REGULATION - Draft: 12/3/94
1994-4, NAIC Proceedings
- p33 - Common issue 8: maximum premium
- ⇒ Kevin Morrissey, a Vice President of Sun Life, had deposed in the course of the Indemnity Litigation that "the year 2030 is the median point at which Universal Plus policyholders are likely be required to pay an amount in excess of the 'Maximum Premium' set out in their policy specifications pages."
2018 0905 - LC - Fehr v. Sun Life - Decision - Ontario - Court of Appeal --- [BonkNote] --- 73p