Policy Premium definition

Policy Premium means the original premium and the fully annualized amount of any additional premiums, other than the Extended Reporting Period premium, charged by the Insurer before or during the Policy Period.

Policy Premium. The premium set forth in the Certificate Guaranty Insurance Policy.

Policy Premium has the meaning given to such term in the Policy Fee Letter.

Examples of Policy Premium in a sentence

• If the amount received towards Policy Premium is more than the installment due, the excess amount will be refunded to the Policyholder.

• In such cases the Policy Premium due and payable on the due date will be treated as unpaid.If the amount received towards Policy Premium is more than the installment due, the excess amount will be refunded to the Policyholder.

• Premium Payment Term means the period during which the Policy Premium is payable and is mentioned in the Policy Schedule.

• In case of cancellation by the First Named Insured, or by the insured’s premium finance company, we will refund unearned premium on the usual short rate basis, subject to retention by us of the Minimum Policy Premium specified in the Declarations and less any sums due us under this policy.

• In case of cancellation by us, we will refund any unearned premium on a pro rata basis, subject to retention by us of the Minimum Policy Premium specified in the Declarations and less any sums due us under this policy.

More Definitions of Policy Premium

Policy Premium means the lump-sum policy premium and all underwriting fees and broker’s commissions payable pursuant to or in connection with obtaining the R&W Insurance Policies.

Policy Premium means all rider fees, mortality and expense fees, and other amounts charged to or deducted from a contractholder’s account in respect of a Reinsured Policy and all revenue sharing payments and other amounts received from funds by the Ceding Company in respect of a Reinsured Policy.

Policy Premium means the original premium and the fully annualized amount of any additional premiums, other than the Extended Reporting Period premium, charged by the Insurer before or during the Policy Period. POLICY YEAR Policy Year means the period of one year following the effective date of the Policy Period or any subsequent one-year anniversary thereof. As permitted by individual state law, a Policy Year may be extended or reduced by endorsement or by termination of the Policy. POLLUTANTS Pollutants means any substance exhibiting hazardous characteristics as is or may be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state, local or foreign counterpart. Pollutants includes, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals or waste (including materials to be recycled, reconditioned or reclaimed), as well as any air emission, odor, waste water, oil or oil products, infectious or medical waste, asbestos, or asbestos products or any noise. PRIVACY EVENT Privacy Event means an act, error or omission by the Insured Entity, by an Insured Person within the scope of such individual’s duties on behalf of the Insured Entity or by someone who the Insured has engaged to provide services pursuant to a written contract and for whom the Insured Entity is legally responsible which, in the reasonable opinion of an Executive, caused, or is reasonably likely to cause, the unauthorized disclosure of Nonpublic Personal Information or Nonpublic Corporate Information. PRIVACY EVENT EXPENSES Privacy Event Expenses means all reasonable and necessary fees, costs and expenses incurred by the Insured Entity to directly respond to a Privacy Event. PRIVACY INJURY Privacy Injury means:

Policy Premium. For any Distribution Date is the fee payable to the Certificate Insurer in respect of its services as Certificate Insurer that accrues at the Policy Premium Rate on a balance equal to the aggregate Class Certificate Balance of the Class 1-A-3B and Class 2-A-2 Certificates immediately prior to such Distribution Date. The Policy Premium shall be computed on the basis of the actual number of days elapsed over a year of 360 days.

Policy Premium means the premium described in each Insurance Policy.

Policy Premium means the lump-sum policy premium, all Taxes, fees (including underwriting and broker fees) and expenses payable pursuant to the Policy.

Policy Premium shall have the meaning set forth in Section 7.15.