Regular Premium Clause Samples
The Regular Premium clause defines the requirement for the policyholder to make ongoing, scheduled payments to maintain the validity of an insurance policy. Typically, these payments are made monthly, quarterly, or annually, and the amount and frequency are specified in the policy documents. This clause ensures that the insurer receives consistent funding to provide coverage, and it clarifies the policyholder’s obligation to keep the policy active, thereby preventing unintentional lapses in coverage due to missed payments.
Regular Premium the total premium of Basic Premium and Rider Premium, according to chosen modal premium.
Regular Premium. Effective April 1, 2023, all regular employees will be paid a pre- mium of $2.15 per hour for each hour worked excluding overtime.
Regular Premium. Effective April 1, 2023, all regular employees will be paid a premium of $2.15 per hour for each hour worked excluding overtime.
Regular Premium. Regular Premium, whether premium for basic plan and any supplements, must be paid in the same payment frequency. Regular Premium is payable to Us on or before the due date and may be paid annually or monthly. You may request to change the frequency of premium payment by sending Us a written request. Changes may not be made while the Regular Premium is being waived through any waiver of premium supplement.
Regular Premium. The ISA Plan Manager may make regular Premium payments on behalf of the relevant Customer, providing that the PruFund Funds are open to new investment.