Contract premium definition

Contract premium means the gross premium that is required to be paid under a fixed premium policy, including the premium for a rider for which benefits are shown in the illustration.
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Contract premium means the gross premium that is required to
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Examples of Contract premium in a sentence

  • For Contract Work performed outside of regularly schedule working hours as defined by the Contract, premium time costs will be paid, only if expressly directed in writing by the Commissioner before you begin the Work.

  • Dealer further agrees to cancel the Service Contract upon Customer's written request, or where applicable, Westlake's written request, and to remit or cause the administrator or underwriter to remit and refund the unearned portion of the Service Contract premium to Westlake, as required by Westlake.

  • No compensation will be earned or payable until the Issuing Company receives and applies, in its sole discretion, the Contract premium at the ING Service Center in Minot, ND, all delivery requirements are met, and the Contract is placed in force; provided however, when commissions are advanced, commissions payable according to the terms of the applicable Annualization Agreement or Amendment.

  • No compensation will be earned or payable until the Issuing Company receives and applies, in its sole discretion, the Contract premium at the ING Service Center in Minot, ND, all delivery requirements are met, and the Contract is placed in force; provided however, when commissions are advanced, commissions are payable according to the terms of the applicable Annualization Agreement or Amendment.

  • In the event of cancellation for non- payment of Contract premium, such cancellation will be made in writing to You and the Lienholder (if applicable), not less than ten (10) days notice.

  • For non-payment of Contract premium, written notice shall be 10 days and if cancelled for any other reason written notice shall be 30 days.

  • If the cost of an Employer-sponsored Contract premium increases (or decreases) during a Period of Coverage and, under the terms of the Contract, Eligible Employees are required to make a corresponding change in their payments, the Plan may, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in affected Eligible Employees' salary reduction contributions for the Plan.

  • Pursuant to the Contract, premium payments in excess of applicable charges become part of a fund that is invested in one or more of fifteen sub-accounts, the assets of which are invested in an underlying mutual fund.After the initial allocation of funds among the sub-accounts, the Contract owner may change that allocation by making transfers.

  • Source:Website of the Ministry of Finance of Georgia (only in Georgian) https://www.mof.ge/5187Document: Fiscal Risks Analysis for 2018-2021, pg 24-25 https://www.mof.ge/images/File/2019-biujeti-wardgena/3-wardgena/FRS_SOE.docx Comment:Document Fiscal Risks analysis for 2018-2021has a separate paragraph for quasi-fiscal activities, which includes a statement of purpose or policy rationale for the quasi-fiscal activity and part of the intended beneficiaries.

  • Contract premium for the extension VML has paid the Macao government MOP47 million (equivalent to approximately US$6 million) with the execution of the Subconcession Extension Contract as the contract premium for such extension.

Related to Contract premium

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • State Contract Project means any erection or construction of, or any addition to, alteration of or other improvement to any building or structure, including, but not limited to, roads or highways, or the installation of any heating or cooling or ventilating plants or other equipment, or the supply of and materials for such projects, pursuant to a contract with the State of West Virginia for which bids were solicited on or after June 6, 2001.

  • Contract Price(s) means the price(s) tendered by the contractor and accepted by the Council for the execution of the contract.

  • Maximum Premium has the meaning set forth in Section 7.06(b).