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;
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. Provided that the ARP Manager may, at its absolute discretion, round the percentage resulting from the above formula, up or down to not less than three decimal points.
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: …………………………….. Part A Schedule 6 Certificates of Insurance (Clause 2.4) CERTIFICATE OF QUALIFYING INSURANCE (In accordance with Rule 4 Solicitors’ Indemnity Insurance Rules 2001) INDEMNITY YEAR 2001/2002 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 : NAME OF INSURED FIRM : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : to 31 August 2002 both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: …………………………………………………………………………. Part B CERTIFICATE OF ADDITIONAL PROFESSIONAL INDEMNITY INSURANCE (In accordance with Appendix 4.2 Solicitors’ Indemnity Insurance Rules 2001) 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 : NAME OF INSURED FIRM : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : From to both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Details of Insurance under Registered European Lawyers’ home professional rules: NAME OF INSURER(S), FUND OR SCHEME : PERIOD OF INSURANCE : From to both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: …………………………………………………………………………. SIGNED by ................................................... ) for and on behalf of THE LAW SOCIETY OF ) ENGLAND AND WALES ) ................................................... Duly aut...

Examples of Premium Payable in a sentence

  • For the Modal Premium of the above-mentioned VHIS Certified Plan, please refer to the Certificate of Life Assurance.2. The Total Premium Payable above does not include the levy to Insurance Authority.

  • Estimated Sum Insured : RM Rate Applicable : %Premium Payable : RM The policy is subject to minimum premium of RM250.00.

  • If premiums are not paid within the stipulated grace period, the policy shall be converted to Reduced Paid-Up policy with the reduced paid-up sum assured i.e. Original Sum Assured * (Total Number of Premiums Paid / Original Number of Premium Payable during the Policy Term)The policy shall continue to be in reduced paid-up status without rider cover (if any) until the end of revival period.

  • The pro-rated Extra Allocation or Premium Booster will be equal to the proportion of the premiums paid within the Grace Period to the Premium Payable in the applicable Policy Year.

  • Convertible Bonds (FCCBs)Share Issue Expenses and Premium Payable on Redemption of FCCBs are adjusted against the Securities Premium Account.

  • Loan and Interest PayableOutstanding Foreign Currency Convertible Bond and Premium Payable thereoniii.

  • Yearly mode: Annual PremiumPolicy Administration Charge (% of Annual Premium Payable) Subject to a maximum of ` 6,000 p.a.2. Half yearly and Monthly mode: Annual PremiumPolicy Administration Charge (% of Annual Premium Payable) Subject to a maximum of ` 6,000 p.a.• Fund Management Charge (FMC)The following Fund Management Charge will be adjusted from the NAV on a daily basis.

  • Only in exceptional circumstances and with the express consent of the headteacher, can leave be taken at other times.

  • For example, in 2006 more than 200 confirmed illnesses and three deaths were linked to bagged fresh spinach grown in California and contaminated with E.

  • Premium Payable = The Estimated Annual Turnover/ Carrying x Rate Applied.


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 best estimate 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: ……………………………..‌ Part 2 INDEMNITY YEAR 2003/2004‌ To be completed by the Qualifying Insurer and returned to the ARP Manager by no later than 31 January in each Indemnity Period. Name of Qualifying Insurer …………………………………………………………… Relevant Premium Income £……………………………………………………………
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 best estimate 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: …………………………….. Qualifying Insurer's Agreement 2004 - Schedule 5: Declarations of Relevant Premium Income by Qualifying Insurer Part 2 INDEMNITY YEAR 2004/2005 To be completed by the Qualifying Insurer and returned to the ARP Manager by no later than 28 February in each Indemnity Period. Name of Qualifying Insurer …………………………………………………………… Relevant Premium Income £……………………………………………………………

Related to Premium Payable

  • Premium pay means overtime pay and shift differential pay that is Earned during the relevant time period, but that is not a part of the Participant’s Base Compensation or Incentive Compensation.

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

  • Premium payment plan means a benefit plan whereby state and

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

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

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

  • 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:

  • Minimum Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Premium Letter means the letter agreement dated the Closing Date among LBAC, the Issuer and the Note Insurer referring to payment of the Premium.

  • Interim Payment has the meaning specified in Section 10.1.

  • Premium Percentage As defined in the Insurance Agreement.

  • Insurance premium finance company means a person engaged in the business of

  • Maximum Premium has the meaning set forth in Section 7.06(b).

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • State premium tax liability means any liability

  • 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.