Base Premium definition

Base Premium means the premiums that are paid towards the Policy and excludes the premiums paid towards the Riders and does not include any taxes and/or levies

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Base Premium means the lowest premium charged for a rating period under a rating system by a small employer carrier to small employers for a health benefit plan in a geographic area.

Base Premium means the amount charged to a policyholder by the Insurer for general insurance excluding fire service levies, stamp duty, GST and other government and statutory levies and charges.

Examples of Base Premium in a sentence

If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building.
If, however, the Project was not insured for the entirety of such 12 month period, then the Base Premium shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Start Date, assuming the most nominal use possible of the Building.
If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "Base Premium." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period.
If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender or included in the Base Premium), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss.
If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period.

More Definitions of Base Premium

Base Premium has the meaning specified in Section 4.13(a).

Base Premium means, with respect to an Eligible Policy, an amount equal to 5% of the total sum insured with respect to Insured Risks (expressed in pounds sterling) for event cancellation risk.

Base Premium shall be the annual premium applicable to the 12 month period immediately preceding the Start Date. If, however, the Project was not insured for the entirety of such 12 month period, then the Base Premium shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Start Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $2,000,000 procured under Paragraph 8.2(b).

Base Premium means the premiums that are paid towards the Policy and excludes the premiums paid towards the Riders (if any) or Top-up Premiums, that may be paid in instalments (yearly, half-yearly, quarterly, monthly)

Base Premium has the meaning given to it in Section 5.11(a);

Base Premium means the premium developed each year separately for each of the 4 options offered under the DPMP, for retirees and survivors, from the combined 5 experience of a population composed of all retirees and survivors (pilot retirees and 6 survivors and other retirees and survivors) participating in the DPMP and the Delta 8 attributable to children of pilot retirees, such base premium will be based on the 9 combined experience of all dependents participating in the DPMP and the Delta Health 10 Plan excluding HMOs and fully insured options. Such base premium will be developed 11 by the Company’s actuary using reasonable actuarial assumptions and methods that are 12 designed to determine such base premium in the actuary's best professional judgment.

Base Premium means the amount equal to the product of the