Minimum Premium Sample Clauses

Minimum Premium. There is a minimum $25 of total Premium required per insurance Policy.

Minimum Premium. The Insured acknowledges, understands and agrees that, if the Insured terminates this Policy prior to the end of the applicable Policy Year, the Insured will owe an amount equal to (a) the monthly Premium Rate, as stated in Section

Minimum Premium. There is a minimum $25 of total Premium required per insurance Policy. Rates: Premium rates are set annually based on historical losses of a select number of crops. Premium rates vary by land use, dryland versus irrigated. All Insurable Crops have the same premium rate regardless of where they are grown in the province. The Insured’s Premium is calculated by multiplying the dollar coverage by the Insured’s share of the premium rate and applying any applicable premium adjustments. Cost Share: Federal and provincial governments support AgriInsurance programs by paying all administration expenses and sharing premium costs with the Insured.

Minimum Premium. As respects each contract year, the Company shall pay the Reinsurer Actual Premium as per D. below, but not less than the Minimum Premium which is equal to 16.67% of Gross Excess Limits Premium in respect of policies with limits attaching in respect of Coverage A or $1,500,000, whichever is greater.