Common use of Minimum Premium Clause in Contracts

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

Appears in 3 contracts

Sources: Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement, Stop Loss Application and Administrative Services Agreement