Premium Payable definition

Premium Payable. “ means the amount of the premium (including any risk premium in respect of the SPF (or any aspect of it) and all levies and charges relating to a Policy) due from a Firm to a Participating Insurer (excluding any amount in respect of insurance premium tax), whether or not actually received by that Participating Insurer in respect of Policies (excluding ARP Coverage and Run-off Cover) incepting in the Indemnity Period commencing on 1 December 2015 to the extent that such premium relates to the placing of cover required in accordance with the Minimum Terms and Conditions and as calculated in accordance with generally recognised professional indemnity underwriting methodologies, less any amount due to any intermediary acting as agent of the Firm for the purpose of obtaining the professional indemnity insurance but only to the extent that such amount relates to the placing of cover required in accordance with the Minimum Terms and Conditions and no deduction shall be made of any amount payable to any intermediary in respect of any service which the intermediary provides to, for or on behalf of (whether as agent or otherwise) a Participating Insurer including, without limitation, insurer’s services brokerage, market services agreement commission, claim handling fee, fee for the production of documentation, pursuant to any other work transfer arrangement or otherwise arising;

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Examples of Premium Payable in a sentence

Premium Calculation: # of Pengrowth Shares X CAD $0.0015 = Premium Payable $ NOTE: Payment NOT required if premium is less than $5.00 The option to replace your certificate by completing this will expire on December 31, 2020.
The Premium Payable File is used to provide the Company with loan level information regarding premium payments being made by the Insured in connection with Covered Loans.
Period not exceeding Proportion of Annual Premium Payable Three Months Four Months Five Months Six Months Seven Months Eight Months or above 40% 50% 60% 70% 80% Full Annual Premium Payable Data Protection: Personal information Information notices Minimisation and notification Motor Insurance Database: Your policy details will be added to the Motor Insurance Database ("MID") managed by the Motor Insurers' Bureau ("MIB").
If the applicable premium is an annual premium, the Premium Payable File will be delivered by the Insured to the Company by the last Business Day of the month following the anniversary of the applicable Coverage Effective Date.
If the applicable premium is a monthly premium, the Premium Payable File will be delivered by the Insured to the Company by the last Business Day of the month following the month to which it relates and in the format and manner specified in the Operations Manual.
If the applicable premium is a single premium, the Premium Payable File will be delivered by the Insured to the Company within ten (10) days of the Insured's delivery to the Company of the Set-up File.
The Series Insurance Premium Payable Amount for Series 2007-1 Notes shall be as set forth in the Premium Letter, dated as of Closing Date, between the Co-Issuers and the Series Insurer.
Overall Type of Loan Principal Amount Effective Annual Interest Rate (Cost of Credit) Loan Term Fees capitalized upfront and added to the loan balance Origination Fee Fees to be paid monthly Administration Fee Collection Fee Insurance Insurance Premium (Payable Each Month) Repayment Details Monthly Instalment Amount (Including Insurance) Number of Instalments over Loan Term First Instalment Date Total Repayable USE OF LOAN PROCEEDS Loan Amount TrustGro’ Loans to be refinanced.
Premium Calculation: Number of lost Maxar Shares ______________X CAD $1.15 = Premium Payable $ _________________ NOTE: Payment is NOT required if premium is less than CAD $5.00 The option to replace your certificate by completing this Box C will expire on February 28, 2019.
Section 3.1 Put Option Premium Payable by the Company 22 Section 3.2 Payment of Put Option Premium.

More Definitions of Premium Payable

Premium Payable means the premium due from each Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Insurer, less (only) any amount due to any intermediary acting as agent of that Firm for the purpose of obtaining professional indemnity insurance. I hereby declare that the information set out above constitutes a true and accurate view of the Relevant Premium Income of the above named Insurer for the period in question. Signed: …………………………….. Print name: …………………………….. For and on behalf of the Qualifying Insurer named above Date: …………………………….. To be completed by the Qualifying Insurer (or by the broker on behalf of the Qualifying Insurer) and sent to the Insured Firm at inception. NAME OF QUALIFYING INSURER(S) AND %AGE OF COMPULSORY COVER UNDERWRITTEN Name of Qualifying Insurer % underwritten : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : to 30 September 2005 both days inclusive Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: …………………………………………………………………………. Qualifying Insurer's Agreement 2004 - Schedule 6: Certificates of Insurance To be completed by the Qualifying Insurer (or by the broker on behalf of the Qualifying Insurer) and sent to the Insured Firm at inception. NAME OF QUALIFYING INSURER(S) AND %AGE OF COMPULSORY COVER UNDERWRITTEN Name of Qualifying Insurer % underwritten : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : From to both days inclusive to both days inclusive Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: ………………………………………………………………………….