{"component": "clause", "props": {"groups": [{"samples": [{"hash": "a2sSxHoGhzE", "uri": "/contracts/a2sSxHoGhzE#premium", "label": "Terms of Business Agreement", "score": 36.2112312317, "published": true}, {"hash": "2EVxZlGcJ1x", "uri": "/contracts/2EVxZlGcJ1x#premium", "label": "Terms of Business Agreement", "score": 36.2031402588, "published": true}, {"hash": "gmebC3bHQpy", "uri": "/contracts/gmebC3bHQpy#premium", "label": "Terms of Business Agreement", "score": 35.2698974609, "published": true}], "snippet_links": [{"key": "contract-of-insurance", "type": "clause", "offset": [10, 31]}, {"key": "an-invoice", "type": "clause", "offset": [69, 79]}, {"key": "you-must-pay", "type": "clause", "offset": [116, 128]}, {"key": "premium-due", "type": "clause", "offset": [133, 144]}, {"key": "in-accordance-with", "type": "clause", "offset": [145, 163]}, {"key": "payment-dates", "type": "clause", "offset": [164, 177]}, {"key": "failure-to-meet", "type": "clause", "offset": [204, 219]}, {"key": "the-payment", "type": "clause", "offset": [220, 231]}, {"key": "your-policy", "type": "clause", "offset": [265, 276]}, {"key": "no-payment", "type": "clause", "offset": [278, 288]}, {"key": "cleared-funds", "type": "clause", "offset": [350, 363]}, {"key": "received-by", "type": "definition", "offset": [420, 431]}, {"key": "failure-to-comply", "type": "clause", "offset": [448, 465]}, {"key": "termination-of", "type": "clause", "offset": [490, 504]}, {"key": "your-insurance-contract", "type": "clause", "offset": [505, 528]}, {"key": "notice-to-you", "type": "clause", "offset": [587, 600]}, {"key": "amounts-due", "type": "definition", "offset": [612, 623]}, {"key": "other-sums", "type": "clause", "offset": [738, 748]}], "size": 90, "snippet": "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.", "hash": "ab48d37db5665112edd94dd8383b9c12", "id": 2}, {"samples": [{"hash": "xoaK8yq1ma", "uri": "/contracts/xoaK8yq1ma#premium", "label": "Terms of Business Agreement", "score": 34.1690940857, "published": true}, {"hash": "71OEubab6ro", "uri": "/contracts/71OEubab6ro#premium", "label": "Terms of Business Agreement", "score": 34.1581459045, "published": true}, {"hash": "asvUxc9J0Kj", "uri": "/contracts/asvUxc9J0Kj#premium", "label": "Terms of Business Agreement", "score": 34.1307678223, "published": true}], "snippet_links": [{"key": "contract-of-insurance", "type": "clause", "offset": [10, 31]}, {"key": "an-invoice", "type": "clause", "offset": [69, 79]}, {"key": "you-must-pay", "type": "clause", "offset": [116, 128]}, {"key": "premium-due", "type": "clause", "offset": [133, 144]}, {"key": "in-accordance-with", "type": "clause", "offset": [145, 163]}, {"key": "payment-dates", "type": "clause", "offset": [180, 193]}, {"key": "failure-to-meet", "type": "clause", "offset": [220, 235]}, {"key": "the-payment", "type": "clause", "offset": [236, 247]}, {"key": "your-policy", "type": "clause", "offset": [281, 292]}, {"key": "no-payment", "type": "clause", "offset": [294, 304]}, {"key": "cleared-funds", "type": "clause", "offset": [366, 379]}, {"key": "received-by", "type": "definition", "offset": [436, 447]}, {"key": "failure-to-comply", "type": "clause", "offset": [464, 481]}, {"key": "termination-of", "type": "clause", "offset": [506, 520]}, {"key": "your-insurance-contract", "type": "clause", "offset": [521, 544]}], "size": 264, "snippet": "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 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.", "hash": "c1f80c0f2f2c3133fd6da1bd7921c599", "id": 1}, {"samples": [{"hash": "16UbNCht4IA", "uri": "/contracts/16UbNCht4IA#premium", "label": "Reimbursement Contract", "score": 33.5449447632, "published": true}, {"hash": "j6dYny8OFzd", "uri": "/contracts/j6dYny8OFzd#premium", "label": "Reimbursement Contract", "score": 33.0372200012, "published": true}, {"hash": "bejbCCUiRLr", "uri": "/contracts/bejbCCUiRLr#premium", "label": "Reimbursement Contract", "score": 31.9523906708, "published": true}], "snippet_links": [{"key": "term-means", "type": "clause", "offset": [5, 15]}, {"key": "reimbursement-premium", "type": "clause", "offset": [28, 49]}], "size": 54, "snippet": "This term means the same as Reimbursement Premium.", "hash": "b9c6abf836a8c13c69ff37cc9572edfe", "id": 3}, {"samples": [{"hash": "1AaNElEl6xm", "uri": "/contracts/1AaNElEl6xm#premium", "label": "Insurance Policy Contract", "score": 31.9961700439, "published": true}, {"hash": "3qKwMiNBTKY", "uri": "/contracts/3qKwMiNBTKY#premium", "label": "Insurance Policy", "score": 31.4861888885, "published": true}, {"hash": "cG25LceeWXW", "uri": "/contracts/cG25LceeWXW#premium", "label": "Insurance Policy Contract", "score": 30.9578380585, "published": true}], "snippet_links": [{"key": "single-premium", "type": "clause", "offset": [10, 24]}], "size": 25, "snippet": "This is a single Premium policy.", "hash": "e8732719b7f8df55cab0d8a2f4b0eab8", "id": 8}, {"samples": [{"hash": "ebEKuY3nbGG", "uri": "/contracts/ebEKuY3nbGG#premium", "label": "Collective Agreement", "score": 30.5314617157, "published": true}, {"hash": "dLmtNBmPPOB", "uri": "/contracts/dLmtNBmPPOB#premium", "label": "Collective Agreement", "score": 30.4404430389, "published": true}, {"hash": "g1btv5qwskT", "uri": "/contracts/g1btv5qwskT#premium", "label": "Collective Agreement", "score": 23.2012329102, "published": true}], "snippet_links": [{"key": "an-employee-on", "type": "clause", "offset": [0, 14]}, {"key": "calendar-month", "type": "clause", "offset": [147, 161]}, {"key": "the-employee-shall", "type": "clause", "offset": [175, 193]}], "size": 25, "snippet": "An employee on call shall be paid a premium of one dollar and twenty-five cents ($1.25) per hour for the first seventy-two (72) hours on call in a calendar month. Thereafter, the employee shall receive one dollar and fifty cents ($1.50) per hour.", "hash": "9603349ccedeb96dbbfb175648610fcd", "id": 9}, {"samples": [{"hash": "7h9N3T7pNU9", "uri": "/contracts/7h9N3T7pNU9#premium", "label": "Collective Agreement", "score": 35.612865448, "published": true}, {"hash": "1gLW5LgEJFx", "uri": "/contracts/1gLW5LgEJFx#premium", "label": "Collective Agreement", "score": 35.612865448, "published": true}, {"hash": "5BCW0t4GF1B", "uri": "/contracts/5BCW0t4GF1B#premium", "label": "Collective Bargaining Agreement", "score": 30.2714862823, "published": true}], "snippet_links": [{"key": "hourly-rate", "type": "clause", "offset": [38, 49]}, {"key": "hours-worked", "type": "clause", "offset": [87, 99]}, {"key": "shift-premiums", "type": "clause", "offset": [117, 131]}, {"key": "shift-hours", "type": "definition", "offset": [180, 191]}, {"key": "overtime-is", "type": "clause", "offset": [196, 207]}, {"key": "hours-of", "type": "clause", "offset": [226, 234]}, {"key": "overtime-payment", "type": "clause", "offset": [255, 271]}], "size": 25, "snippet": "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.", "hash": "e8e38b37d70a3b17292ea9ac15fdc48c", "id": 7}, {"samples": [{"hash": "8LLwPc00dXn", "uri": "/contracts/8LLwPc00dXn#premium", "label": "Concession Agreement", "score": 23.7323741913, "published": true}, {"hash": "6zhTiAUF1Bi", "uri": "/contracts/6zhTiAUF1Bi#premium", "label": "Concession Agreement", "score": 23.7323741913, "published": true}, {"hash": "51XpAsNDGVg", "uri": "/contracts/51XpAsNDGVg#premium", "label": "Concession Agreement", "score": 23.7323741913, "published": true}], "snippet_links": [{"key": "the-concessionaire", "type": "clause", "offset": [0, 18]}, {"key": "the-bid", "type": "clause", "offset": [64, 71]}, {"key": "to-the-authority", "type": "clause", "offset": [86, 102]}, {"key": "form-of", "type": "definition", "offset": [120, 127]}, {"key": "upfront-fee", "type": "definition", "offset": [131, 142]}, {"key": "upfront-premium", "type": "definition", "offset": [145, 160]}, {"key": "in-clause", "type": "clause", "offset": [176, 185]}], "size": 37, "snippet": "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 (\u201cUpfront Premium\u201d) as set forth in Clause 26.2.1.", "hash": "7476912d54ba6ab364a0f7781f03cd17", "id": 5}, {"samples": [{"hash": "7Mv167KwtXh", "uri": "/contracts/7Mv167KwtXh#premium", "label": "Distribution Agreement (Jefferson National Life Annuity Account G)", "score": 33.8323059082, "published": true}, {"hash": "1S6zfeXffX0", "uri": "/contracts/1S6zfeXffX0#premium", "label": "Distribution Agreement (Jefferson National Life of New York Annuity Account 1)", "score": 33.8323059082, "published": true}, {"hash": "6SLVrzE9qnP", "uri": "/contracts/6SLVrzE9qnP#premium", "label": "Distribution Agreement (State Farm Life Insurance Co Variable Annuity Separate Act)", "score": 21.0, "published": true}], "snippet_links": [{"key": "an-applicant", "type": "clause", "offset": [35, 47]}, {"key": "the-contract", "type": "clause", "offset": [88, 100]}], "size": 31, "snippet": "A payment made under a Contract by an applicant or purchaser to purchase benefits under the Contract.", "hash": "0785e9fefcd665bb182b37932213519a", "id": 6}, {"samples": [{"hash": "cu1u1nEgLkC", "uri": "/contracts/cu1u1nEgLkC#premium", "label": "Provincial Collective Agreement", "score": 23.6066684723, "published": true}, {"hash": "79TqGz7IYIi", "uri": "/contracts/79TqGz7IYIi#premium", "label": "Provincial Collective Agreement", "score": 21.5393562317, "published": true}, {"hash": "39vqXwVNR80", "uri": "/contracts/39vqXwVNR80#premium", "label": "Provincial Collective Agreement", "score": 21.5393562317, "published": true}], "snippet_links": [{"key": "april-1", "type": "definition", "offset": [10, 17]}, {"key": "an-employee-on", "type": "clause", "offset": [25, 39]}, {"key": "calendar-month", "type": "clause", "offset": [121, 135]}, {"key": "the-employee-shall", "type": "clause", "offset": [149, 167]}], "size": 23, "snippet": "Effective April 1, 2009, an employee on-call shall be paid premium of $3.75 per hour for the first 72 hours on-call in a calendar month. Thereafter, the employee shall receive $4.25 per hour.", "hash": "021512cda8ff1c584529b8301e1e9273", "id": 10}, {"samples": [{"hash": "5L25UIIsXdC", "uri": "/contracts/5L25UIIsXdC#premium", "label": "Group Medical Coverage Agreement", "score": 36.1022033691, "published": true}, {"hash": "8i9xJJ7oNSh", "uri": "/contracts/8i9xJJ7oNSh#premium", "label": "Group Medical Coverage Agreement", "score": 36.0213127136, "published": true}, {"hash": "j7kCTOaJlXN", "uri": "/contracts/j7kCTOaJlXN#premium", "label": "Group Medical Coverage Agreement", "score": 35.0645942688, "published": true}], "snippet_links": [{"key": "the-subscriber", "type": "clause", "offset": [0, 14]}, {"key": "the-group", "type": "clause", "offset": [40, 49]}, {"key": "monthly-premium", "type": "clause", "offset": [83, 98]}], "size": 40, "snippet": "The Subscriber is liable for payment to the Group of their contribution toward the monthly premium, if any.", "hash": "533064a507e36540ebe4e36f6bc8f582", "id": 4}], "next_curs": "ClASSmoVc35sYXdpbnNpZGVyY29udHJhY3RzciwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhBwcmVtaXVtIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["definitions", "Definitions"], ["payment-of-fees-and-premium", "Payment of Fees and Premium"], ["your-responsibilities", "Your Responsibilities"], ["on-call", "On Call"], ["super-shift-premium", "Super Shift Premium"]], "children": [["cost-share", "Cost Share"], ["rates", "Rates"], ["premium", "Premium"], ["minimum-premium", "Minimum Premium"], ["concession-fee", "Concession Fee"]], "size": 2842, "title": "Premium", "id": "premium", "related": [["special-interest", "Special Interest", "Special Interest"], ["principal", "Principal", "Principal"], ["premium-payments", "Premium Payments", "<strong>Premium</strong> Payments"], ["payments-of-principal", "Payments of Principal", "Payments of Principal"], ["premium-payment", "Premium Payment", "<strong>Premium</strong> Payment"]], "related_snippets": [], "updated": "2026-05-10T05:39:37+00:00", "also_ask": ["What are the essential elements to include in a premium clause to ensure enforceability?", "How can the premium amount or calculation method be strategically negotiated?", "What are the most common legal pitfalls or ambiguities in premium clauses?", "How do courts typically interpret and enforce premium clauses in similar contracts?", "How does this premium clause compare to industry standards or statutory requirements?"], "drafting_tip": "Specify the premium amount and payment terms to ensure clarity; define adjustment mechanisms to address future changes; state consequences of non-payment to promote compliance.", "explanation": "The Premium clause defines the amount and terms under which the policyholder must pay a specified sum to the insurer in exchange for insurance coverage. Typically, this clause outlines the payment schedule, acceptable methods of payment, and any consequences for late or missed payments, such as policy suspension or cancellation. Its core practical function is to ensure that the insurer receives compensation for assuming risk, thereby maintaining the validity and enforceability of the insurance contract."}, "json": true, "cursor": ""}}