PREMIUM DUE definition

PREMIUM DUE. Reinsurance premiums are due annually in advance. These premiums are due on the issue date and each subsequent policy anniversary.
View Source

Examples of PREMIUM DUE in a sentence

  • Such reimbursement will be made on the first MONTHLY VALUATION DATE that coincides with a REINSURANCE PREMIUM DUE DATE and that falls at least ten (10) BUSINESS DAYs after notice of the tax payment is received by the REINSURER.

  • REMITTANCE DATE means the MONTHLY VALUATION DATE following the REINSURANCE PREMIUM DUE DATE.

  • ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting new business, alterations, termination, renewals, claims, and premium due, as shown in Schedules V and VI.

  • Such reimbursement will be made on the first MONTHLY VALUATION DATE that coincides with a REINSURANCE PREMIUM DUE DATE and that falls at least ten (1O) BUSINESS DAYs after notice of the tax payment is received by the REINSURER.

  • ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting new business, alterations, terminations, renewals, claims, and premium due, as shown in Schedule I.

  • THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS ACKNOWLEDGE AND AGREE THAT ANY PREMIUM DUE AND PAYABLE IN ACCORDANCE WITH THIS AGREEMENT DOES NOT AND IS NOT INTENDED TO CONSTITUTE UNMATURED INTEREST.

  • ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting alterations, terminations, renewals, claims, and premium due, as shown in Schedules V and VI.

  • That the SELLER agrees to sell and convey, and the BUYER agrees to buy certain land with the improvements thereon, located in Newbury, New Hampshire, known as: BUYER’S PREMIUM DUE: The SELLING PRICE does not include the BUYER’S PREMIUM of ten percent (10 %) of the SELLING PRICE, due to the Auctioneer at closing.

  • That the SELLER agrees to sell and convey, and the BUYER agrees to buy certain land with the improvements thereon, located in Canterbury, New Hampshire, known as: BUYER’S PREMIUM DUE: The SELLING PRICE does not include the BUYER’S PREMIUM of ten percent (10 %) of the SELLING PRICE, due to the Auctioneer at closing.

  • No dividends -------------------------------------------------------------------------------- GE LIFE AND ANNUITY ASSURANCE COMPANY ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇ ▇▇▇▇▇ l-800-628-2238 A Stock Company FORM P1255 4/00 POLICY DATA SCHEDULE OF BENEFITS SCHEDULE OF PREMIUMS AMOUNT PAYABLE LIFE INSURANCE [$XX,XXX.XX] SINGLE PAYMENT INITIAL PREMIUM DUE: [$XX,XXX.XX] ADDITIONAL PREMIUM PAYMENTS MAY BE MADE.

Related to PREMIUM DUE

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.