Premium. Once your contract of insurance has been concluded, we will send you an invoice (also referred to as a debit note). You must pay the premium due in accordance with the amounts and payment dates specified in the invoice. Failure to meet the payment due date may lead insurers to cancel your policy. No payment shall be deemed to have been received until we have received cleared funds. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in automatic termination of your insurance contract.
Premium. This term means the same as Reimbursement Premium.
Premium. Once your contract of insurance has been concluded, we will send you an invoice (also referred to as a debit note). You must pay the premium due in accordance with payment dates specified in the invoice. Failure to meet the payment date may lead insurers to cancel your policy. No payment shall be deemed to have been received until we have received cleared funds. Where insurers have specified that the premium must be received by a certain date, failure to comply can result in automatic termination of your insurance contract. We shall be entitled (but not obliged) without providing notice to you to set off amounts due to us from you, against any amounts which we may receive on your behalf i.e. claims moneys, refunded premiums and other sums.
Premium. The Concessionaire acknowledges and agrees that as set forth in the Bid, it shall pay to the Authority a premium in the form of an upfront fee (“Upfront Premium”) as set forth in Clause 26.2.1.
Premium. An employee on-call shall be paid premium of three dollars and seventy-five cents ($3.75) per hour for the first seventy-two (72) hours on-call in a calendar month. Thereafter, the employee shall receive four dollars and twenty-five cents ($4.25) per hour.
Premium. The Subscriber is liable for payment to the Group of their contribution toward the monthly premium, if any.
Premium. A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.
Premium. A. The Company shall pay to the Reinsurer a deposit premium of $3,100,000 payable in equal quarterly installments of $775,000 on January 1st, April 1st, July 1st and October 1st, 1998. In the event the Company elects to run off its policies in force until natural expiration, not to exceed twelve (12) months from the expiration date hereon, the Company shall pay to the Reinsurer a run-off premium equal to 50% of the Actual Earned Reinsurance Premium, as set forth in paragraph B. The run-off premium shall be paid in equal quarterly installments on January 1st, April 1st, July 1st and October 1st, 1999.
Premium. The premium may be calculated on such basis as the Insurer determines and the Firm accepts including, without limitation, a basis which recognises Claims history, categories of work performed by the Firm, numbers of Principals and Employees, revenue derived from the Firm’s Practice and other risk factors determined by the Insurer.
Premium. A premium of ten percent (10%) of the hourly rate (straight-time) will be paid for all hours worked on a Sunday. All shift premiums are paid only on straight-time earnings for the shift hours. If overtime is worked beyond the hours of the shift, then the overtime payment replaces any shift premium.
