Premium Flow definition

Premium Flow means, without duplication, all written premiums, net of cancellations, during the applicable period from insurance policies placed in California by the Company or any of its Subsidiaries with insurance carriers.
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Examples of Premium Flow in a sentence

  • Within sixty (60) calendar days of the Closing, Buyer shall cause the Company and the Subsidiaries to prepare and deliver to Seller a statement of the calculation of Baseline Premium Flow, together with the work papers related thereto.

  • Any such Baseline Objection Notice shall specify those items or amounts as to which Seller disagrees, and Seller shall be deemed to have agreed with all other items and amounts contained in Buyer’s calculation of the Baseline Premium Flow delivered pursuant to Section 3.4(a).

  • If Seller does not deliver a Baseline Objection Notice within such thirty (30) day period, then the Baseline Premium Flow for purposes of this Section 3.4 shall be deemed to be finally determined as set forth on Buyer’s calculation thereof.

  • Subject to the following, Buyer will make additional payments to Seller following the First Earn-out Period and the Second Earn-out Period conditioned upon the achievement of the Premium Flow “Compound Annual Growth Rate” thresholds specified below.

  • Buyer agrees to make available to Seller all books, records and personnel as Seller may reasonably request in connection with Seller’s review of such calculation of Baseline Premium Flow.

  • If Seller disagrees with Buyer’s calculation of the Baseline Premium Flow delivered pursuant to this Section 3.4(a), Seller shall, within thirty (30) calendar days after delivery thereof, deliver a written notice (the “Baseline Objection Notice”) to Buyer disagreeing with such calculation and setting forth Seller’s calculation of Baseline Premium Flow.

  • Seller shall also provide in the Baseline Objection Notice, the aggregate dollar amount of any adjustments Seller wishes to propose to the Baseline Premium Flow.

Related to Premium Flow

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

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

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • 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 surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when: