Premium Adjustments. All Premium adjustments for Members enrolling or terminating during a coverage month will be calculated on a pro-rated basis. Calculated Premium adjustments will be applied to the next month’s Premium charges as follows:
Premium Adjustments. The Commercial Plan Premium and benefits may be amended for each Subscriber Agreement upon the annual renewal date of each Subscriber Agreement at the sole discretion of PacifiCare.
Premium Adjustments. If the premium for this policy has been calculated based on estimated figures, then the premium is only a provisional premium for the annual period. Within 3 months of the expiry of the annual period, you must tell us what the actual figures are. We will re-calculate your actual premium based on the actual figures. The difference between the actual and the provisional premiums will either be payable to us or refunded to you depending on the outcome of the adjustment, but any refund will be limited to a maximum of 50% of the provisional premium.
Premium Adjustments. Costs of premium adjustments, consequent upon changes ordered, for Payment and Performance Bonds are allowable for the prime Contractor only.
Premium Adjustments. Premium adjustments involving a return of unearned premiums to an Employer will be limited to the 12 months just before the date the Insurer receives a request for premium adjustment.
Premium Adjustments. The Reinsurer’s quota share participation in all Premiums, which Premiums were received by the Reinsurer, that are required to be refunded, rebated or otherwise repaid by the Reinsured to a Policyholder or Governmental Authority due to, (i) changes in or cancellations of any policy of the Subject Business, (ii) contractual requirements under the terms of the policies of the Subject Business, or (iii) Applicable Law including the ACA Risk Adjustment Program, and any such refunds, rebates or payments resulting from (x) a finding in a commercial risk adjustment audit by any federal Governmental Authority or a self-audit performed by the Reinsured that the Premiums were incorrect, and (y) any ACA Rebates (to the extent such rebates are related to the policies of the Subject Business, as solely determined by the Reinsured) (paragraphs (i), (ii), and (iii) of this ARTICLE V, collectively, the “Premium Adjustments”), shall be refunded by the Reinsurer to the Reinsured in accordance with ARTICLE XIII. The Parties shall promptly make all necessary financial adjustments between them with respect to the Maximum Combined Ratio, Profit Commission, and the Reinsurer’s Margin necessitated by any such Premium Adjustments in a manner consistent with the terms herein. This ARTICLE V will survive the termination or expiration of this Agreement.
Premium Adjustments. (a) As of the earlier of the first anniversary of the inception of any Reinsurance Contract following the date hereon and the expiration date or final settlement date of any Reinsurance Contract, Retrocedant shall pay to the account of Retrocessionaire an adjustment premium equal to the product of
Premium Adjustments. Any insurance premium adjustments made in other district contracts during this contract period will also apply to this contract.
Premium Adjustments. If the Ceding Company overpays a reinsurance premium and Generali USA accepts the overpayment, Generali USA's acceptance will not constitute or create a reinsurance liability or increase in any existing reinsurance liability. Instead, Generali USA will be liable to Ceding Company for a credit in the amount of the overpayment. If a reinsured policy terminates, Generali USA will refund the excess reinsurance premium. This refund will be on a prorated basis without interest from the date of termination of the policy to the date to which a reinsurance premium has been paid.
Premium Adjustments. It is understood and agreed by the parties that in no event shall the Board be required to increase the 2022-23 monthly premium contribution rates after the expiration of this Agreement except as the parties may mutually agree otherwise.
