EPRC definition
Examples of EPRC in a sentence
Both the Base Reinsurance Premium and the EPRC are payable in arrears after the end of each calendar month.
The monthly payment for all benefit types shall be computed by adding the appropriate Base Reinsurance Premium annual rate to the EPRC annual rate, then dividing the total by twelve and multiplying the result times the end of the month Guaranteed Benefit Amount, the Current Income Base or the Variable Account Value, as applicable.
The Reinsurer will be entitled to a payment for EPRC as calculated pursuant to the terms of Schedule C, payable monthly in arrears.
EPRC shall equal the annual rates shown above, payable monthly in arrears computed in the manner as more fully described below.
If the proposed program is deemed a viable option by the LMC it will be submitted to the EPRC.
The Employer and the Union shall each appoint two (2) representatives to the Experimental Program Review Committee (EPRC).
The Base Reinsurance Premium, when added to the EPRC, will at all times be equal to or less than the explicit charges collected by the Ceding Company from the contract holder for each covered GB risk listed in Schedule A of this Agreement.
Any dispute involving interpretation, application, and non-compliance with the provisions of the EPRC and matters involving the work of the JMC-EPRC shall be resolved pursuant to Part V and VII of this Agreement.
The JMC-EPRC shall provide the GRP-NDFP SEOAC with regular briefings and updates on the status of the implementation of the EPRC provisions in accordance with the implementation schedule and work plan adopted by the Parties.
The JMC-EPRC shall be organized upon the effec- tivity of the EPRC provisions of the CASER.