Effective January 1, 2010, your West Coast Life Insurance Company Independent Agent's Agreement is amended as follows:

 

The section entitled Net Paid Annualized Life Production is replaced in its entirety with:

          Commissionable Chargebacks-In the event a life insurance policy shall terminate within six months from the date of issue, the full compensation paid thereon will be charged back.  In the event a termination takes place after the sixth month and before the thirteenth month after the date of issue, fifty percent of the compensation will be charged back.

          If the face amount or rider benefit is decreased or discontinued withing six months from the date of issue or increase, 100% of the comissions attributable to that decrease or discontinuance will be charged back. If a face amount or rider benefit is decreased or discontinued after the sixth month and before the thirteenth month from the date of issue or increase, 50% of the commissions attributable to that decrease or discontinuation will be charged back.

 

The section entitled Temporary Flat Extra Rating is replaced in its entirely with:

         Permanent or Temporary Flat Extra Ratings - these ratings are non-commissionable.