Insurance Cost definition

Insurance Cost means, with respect to a Participant, the annual cost for the Participant's Coverage Amount determined pursuant to the Insurance Cost schedule maintained by the Plan Administrator. The Insurance Cost for a Participant shall be determined at the time of the Participant's enrollment in the Plan, based on the Participant's Coverage Amount and Enrollment Age, and shall not change thereafter. A smoker rate shall be used to determine the Insurance Cost for any Participant who is deemed a smoker by the Insurer; a nonsmoker rate shall be used for all other Participants. A change in the Insurance Cost schedule will be effective only as to Plan enrollments occurring after the effective date of the change; it shall not affect the Insurance Cost for a Participant with respect to any Coverage Amount in effect for the Participant prior to the effective date of the change.
Insurance Cost means the cost of insuring a motor vehicle per year divided by the number of miles an average motor vehicle is driven per year.
Insurance Cost means the cost to the Supplier

Examples of Insurance Cost in a sentence

  • AWARD OF DISPUTE RESOLUTION PROFESSIONAL I, THE UNDERSIGNED DISPUTE RESOLUTION PROFESSIONAL (DRP),designated by the American Arbitration Association under the Rules for the Arbitration of No-Fault Disputes in the State of New Jersey, adopted pursuant to the 1998 New Jersey “Automobile Insurance Cost Reduction Act” as governed by N.J.S.A. 39:6A-5, et.

  • Bidder shall take into account of all costs including Packing, Freight, Transportation, Insurance Cost including unloading of machine at the location of the purchaser for giving delivery of material at site as detailed at Para 4 of “Instructions to the Tenderer” before quoting the “Price of Machines before GST” in the Commercial Bid.

  • The Life Insurance Net Payment Cost Index is calculated in the same manner as the comparable Life Insurance Cost Index except that the cash surrender value and any terminal dividend are set at zero.

  • Third Party Health Insurance Cost Avoidance Claims Amount by Carrier b.

  • We shall ensure that the information in the Joint Insurance Cost Report is fairly represented, based on the information available to us.


More Definitions of Insurance Cost

Insurance Cost means such costs as may be incurred by the Company on behalf of the Client in assisting with the arrangement of insurance cover for the Client in respect of the Property, its contents or otherwise;
Insurance Cost means, with respect to a Participant, the annual cost for the Participant's Coverage Amount determined pursuant to the Insurance Cost schedule maintained by the Plan Administrator. The Insurance Cost for a Participant shall be determined as of the time of the Participant's enrollment in the Prior Plan(s), based on the Participant's Coverage Amount and Enrollment Age, and shall not change thereafter. A smoker rate shall be used to determine the Insurance Cost for any Participant who smoked cigarettes at any time during the twelve month period immediately preceding the Participant's enrollment; a nonsmoker rate shall be used for all other Participants. However, notwithstanding the previous sentence, if a Replacement Policy is issued for a Participant and the Participant qualifies as a nonsmoker for the Replacement Policy, the nonsmoker rate shall thereafter be used to determine the Insurance Cost for the Participant.
Insurance Cost means the amount paid by STI during the specified period as product liability insurance premiums relating to the Products, expressed in dollars per unit of Regular Products to be delivered during such period as forecast by Center pursuant to Section 3.2; provided, however, that in the event the amount so calculated is less than $.24 per unit, the Insurance Cost shall be the amount so calculated plus one-half the amount by which $.24 exceeds such amount.
Insurance Cost means the cost paid, to be paid or that otherwise would be payable by TCG or any of its Subsidiaries to secure the Insurance Policy.
Insurance Cost means in respect of any period for which the same is required to be calculated the aggregate of the amount which the Landlord shall have reasonably and properly expended:
Insurance Cost means the sums that the Landlord shall from time to time pay by way of premium:
Insurance Cost means all the money which the Landlord properly spends on: