Premium Adjustment definition

Premium Adjustment means an increase or a decrease of the premium made after the insurance policy start date (including premium refunds) on Insurance Business in force at the valuation date.
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Premium Adjustment is used throughout this document to refer collectively to the Part B Premium subsidy and the Part D prescription drug premium increase under sections 1839(i) and 1860D-13(a)(7) of the Act, respectively.
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Premium Adjustment means an increase or a decrease of the premium made after
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Examples of Premium Adjustment in a sentence

  • Premium adjustment is not limited to changes in the net price index and/or legislative changes.

  • Premium adjustment may be made either at the time cancellation is effective or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

  • Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condition of cancellation.

  • Premium adjustment may be made at the time cancellation is effected or as soon as practicable thereafter.

  • Premium adjustment may be made either at the time cancellation is effected or as soon as practicable after cancellation becomes effective, but payment or tender of unearned premium is not a condi- tion of cancellation.

  • When the Premium is subject to adjustment, cancellation will not affect the obligation of the Insured to supply to Underwriters such information as is necessary to permit the Premium adjustment to be calculated and to pay the amount of the adjustment applicable up to the date of cancellation.

  • Premium adjustment may be made at the time cancellation is effective.

  • The Hail Endorsement Indemnity payments shall not affect the Premium adjustment of the Insured under Parts III, IV, V, VI, VII, VIII, IX, X, XI, XII, XIII, XIV, XV, XVI, XVII, XVIII, XIX or XXII.

  • The increased benefit will be the amount of coverage the authorized deduction could purchase after the Premium adjustment.

  • Premium adjustment may be made at the time cancellation is effective and, if not then made, shall be made as soon as practicable after cancellation becomes effective.


More Definitions of Premium Adjustment

Premium Adjustment shall have the meaning set forth ill Section 2.5(d)(iii).
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Premium Adjustment means either Premium Increase or Premium Refund.
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Premium Adjustment means the factor by which the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, is to be multiplied pursuant to Section 218(a). The initial Premium Adjustment shall equal a factor of 1.00625, and each additional Premium Adjustment shall increase such factor by an additional .00625. For greater certainty, and by way of example, two Premium Adjustments would require the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, to be multiplied by a factor of 1.0125.
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Premium Adjustment means the difference, positive or negative, of Estimated Premiums with respect to a given Rating Period minus Adjusted Premiums with respect to such Rating Period, determined as of each Calculation Date for such Rating Period. The Premium Adjustment, if negative, is an amount payable by Limited to the Insurer and if positive, an amount payable or creditable to Limited by the Insurer.
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Premium Adjustment is defined in Schedule 2.4(a).
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Premium Adjustment is the difference between the Targeted Quarterly Premium in respect of that Basket Index and the actual highest quarterly premium in respect of that hypothetical call option with an exercise price equal to 105% of the closing level of that Basket Index.
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Related to Premium Adjustment

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • SOFR Adjustment means 0.10% (10 basis points).

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Escrow Amount means $2,000,000.

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;

  • Cost of Living Adjustment means the percentage (if any) by which the Consumer Price Index for the month of October preceding the adjustment ex- ceeds the Consumer Price Index for the month of October one year before the month of October preceding date of the adjustment.