Premium Balance definition

Premium Balance is defined in Section 2.7.
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Examples of Premium Balance in a sentence

  • Any positive Net Reinsurance Premium Balance for a month is payable to the Reinsurer.

  • This limit never includes Your Premium, Balance Billing charges or the cost of dental care services We do not Cover.

  • Such interest will accrue from the due date of the underpaid Net Reinsurance Premium Balance and be computed as described in Section XXII.P.

  • The Net Reinsurance Premium Balance payable each month equals the sum of the Reinsurance Premiums described above in Section A, minus the sum of any unearned Reinsurance Premiums described above in Section D.

  • If the Ceding Company overpays a Net Reinsurance Premium Balance and the Reinsurer accepts the overpayment, the Reinsurer's acceptance of the overpayment will not constitute or create an additional reinsurance liability, and it will not result in any additional reinsurance.

  • If the Ceding Company fails to make a full payment of the Net Reinsurance Premium Balance, due to an Error defined in Article IX, the amount of reinsurance coverage provided by the Reinsurer on the risks related to such underpayment shall not be reduced.

  • The absolute value of any negative Net Reinsurance Premium Balance for a month is payable to the Ceding Company.

  • The Net Reinsurance Premium Balance payable each month equals the sum of the Allocated Retention.

  • Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLIC and Canada Life The absolute value of any negative Net Reinsurance Premium Balance for a month is payable to the Ceding Company.

  • Allocated Retention Pool (Excess Risks) -- Effective October 1, 2008 Between HLAIC and Canada Life The absolute value of any negative Net Reinsurance Premium Balance for a month is payable to the Ceding Company.

Related to Premium Balance

  • Minimum Balance means, at any time, an amount that equals the product of: (a) the average Borrowing Base (or, if less on any given day, the Revolving Loan Commitment) during the immediately preceding month multiplied by (b) the Minimum Balance Percentage for such month.

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.