Aggregate Premium definition

Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements. Application means the Employer enrollment form. It serves as the signature page of this Policy. Certificate means the document that contains the eligibility and termination conditions, as well as the benefits, limitations, and exclusions that apply to the Member’s coverage under the Policy. Coverage means the Medically Necessary covered services paid for, arranged, or authorized for the Member by the Insurance Company under the terms and conditions of the Certificate. Employer means the sponsor of this group insurance plan or any subsidiary or affiliate described in this Policy. An employer must employ at least one common-law employee. A business owner and his or her spouse are not considered common-law employees for this purpose if the entity is considered to be wholly owned by one individual or one individual and his or her spouse. Employer Enrollment Form means the Group’s application for Coverage. Group means the legal entity identified as the “Group” on the face page of the Policy. The Group is the employer and policyholder.
View Source
Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements.
View Source
Aggregate Premium for any year means the aggregate direct written premium, less return premium, written under the Good ▇▇▇, Good ▇▇▇ Referral, Coast to Coast, Rider, and Golf Card Insurance program agreements for such year.
View Source

Examples of Aggregate Premium in a sentence

  • The Group will indicate its acceptance of any change in terms of the Agreement by the payment of the next due Aggregate Premium.

  • Payment of the applicable Aggregate Premium on or after that date shall constitute acceptance of those changes by the Group, individually and on behalf of all Members.

  • Insurance Company Expenses include: (1) the total outstanding Aggregate Premium; (2) the finance charge set forth below; and (3) a fee for any checks for payment of Premiums that are returned to Insurance Company for insufficient funds, closed accounts, or any other reason; and (4) any expenses reasonably incurred in recovering the amount owed to the Insurance Company including attorney’s fees.

  • The Aggregate Premium is due in full at the Insurance Company’s office on or before the first day of each billing period.

  • The Group must pay the Aggregate Premium for anyone Covered or added during the billing period.

  • The Aggregate Premium may be paid to the Insurance Company during that Grace Period without causing termination of the Policy.

  • The Insurance Company will prepare and submit a monthly Premium statement (“Statement”) to the Group, listing: (1) Subscribers shown on its records; (2) type of Coverage selected by each Subscriber (e.g., individual, family, etc.); and (3) the Aggregate Premium payable to the Insurance Company for providing Coverage for all Members for the next billing period.

  • The Insurance Company reserves the right to decline to reinstate this Policy, however, upon refunding the Aggregate Premium for the current billing period to the Group.

  • If the payment received does not pay the Aggregate Premium, plus any other due charges in full, the Insurance Company has the discretionary authority to terminate the Policy, or place an administrative hold on the payment of Policy benefits.

  • If this Policy is terminated and the Group requests reinstatement, the Group must remit: (1) the total outstanding Aggregate Premium; (2) the applicable finance charge or fee; and (3) the Aggregate Premium for the current billing period.


More Definitions of Aggregate Premium

Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements. Application means the Employer enrollment form. It serves as the signature page of this Policy. Certificate means the document that contains the eligibility and termination conditions, as well as the benefits, limitations, and exclusions that apply to the Member’s coverage under the Policy. Coverage means the Medically Necessary covered services paid for, arranged, or authorized for the Member by the Insurance Company under the terms and conditions of the Certificate. Eligible Employee Employer means the sponsor of this group insurance plan or any subsidiary or affiliate described in this Policy. An employer must employ at least one common-law employee. A business owner and his or her spouse are not considered common-law employees for this purpose if the entity is considered to be wholly owned by one individual or one individual and his or her spouse. Employer Enrollment Form means the Group’s application for Coverage. Group means the legal entity identified as the “Group” on the face page of the Policy. The Group is the employer and policyholder. Group Health Plan means an employee welfare benefit plan (as defined in section 3(1) of the Employee Retirement Income Security Act of 1974 29 U.S.C. 1002(1)) to the extent that the plan provides medical care (as defined in paragraph (2)) and including items and services paid for as medical care) to employees or their dependents (as defined under the terms of the plan) directly or through insurance, reimbursement, or otherwise. Insurance Company means Cigna Health and Life Insurance Company. Member means the subscriber or a covered dependent who has satisfied the eligibility conditions, applied for coverage, and for whom required Premiums have been paid. Policy means the document, including the Certificate, together with any riders, amendments and endorsements, which describe the agreement between the Insurance Company and the Group. The “Agreement” also means the Policy. Policyholder: Means the legal entity identified as the Group on the face page of the Policy who establishes, sponsors and endorses an employee benefit plan for insurance coverage. Premium means the amount paid by the Group to the Insurance Company for Coverage. Small Employer: Small employer: Small employer means any person, firm, proprietary or nonprofit corporation, partnership, public agency, or association that is actively engaged in business ...
View Source
Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements. Application means the Employer enrollment form. It serves as the signature page of this Policy. Certificate means the document that contains the eligibility and termination conditions, as well as the benefits, limitations, and exclusions that apply to the 0HPEHU¶V FRYHUDJH XQGHU WKH 3ROLF\ Coverage means the Medically Necessary covered services paid for, arranged, or authorized for the Member by the Insurance Company under the terms and conditions of the Certificate. Eligible Employee Employer means the sponsor of this group insurance plan or any subsidiary or affiliate described in this Policy. An employer must employ at least one common-law employee. A business owner and his or her spouse are not considered common-law employees for this purpose if the entity is considered to be wholly owned by one individual or one individual and his or her spouse. Employer Enrollment Form PHDQV WKH pp*licUatRioXn fSor¶CoVv eraDge. Group means the legal entity identified as the ³*URoXn Sthe´face page of the Policy. The Group is the employer and policyholder. Group Health Plan means an employee welfare benefit plan (as defined in section 3(1) of the Employee Retirement Income Security Act of 1974 29 U.S.C. 1002(1)) to the extent that the plan provides medical care (as defined in paragraph (2)) and including items and services paid for as medical care) to employees or their dependents (as defined under the terms of the plan) directly or through insurance, reimbursement, or otherwise. Insurance Company means Cigna Health and Life Insurance Company. Member means the subscriber or a covered dependent who has satisfied the eligibility conditions, applied for coverage, and for whom required Premiums have been paid. Policy means the document, including the Certificate, together with any riders, amendments and endorsements, which describe the agreement between the Insurance Company and the Group. TKHA gr³eement´ DOVR PHDQ. V WKH 3ROLF\ Policyholder: Means the legal entity identified as the Group on the face page of the Policy who establishes, sponsors and endorses an employee benefit plan for insurance coverage. Premium means the amount paid by the Group to the Insurance Company for Coverage. Small Employer: Small employer: Small employer means any person, firm, proprietary or nonprofit corporation, partnership, public agency, or association that is actively engaged in business or ...
View Source

Related to Aggregate Premium

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • Aggregate Debt means the sum of the following as of the date of determination: