Examples of Rating & Premium Plan in a sentence
Any change requiring Three-Quarters' Directors Vote under this Section 10.01, or under the Coverage Options Endorsement, or under the Rating & Premium Plan shall automatically become effective at the beginning of the succeeding fiscal year (“initial fiscal year”) (and, unless further changed, for each fiscal year thereafter), provided that notice of such change has been given at least ninety (90) days before the start of the initial fiscal year.
No endorsement shall survive the cancellation or termination of the policy to which it applies, except as provided in Section 7, and any endorsement, other than the Rating & Premium Plan and the Coverage Options Endorsement, may be cancelled at any time by a policyholder with the agreement of the Chief Executive Officer of the Company or his designee pursuant to such reasonable conditions, criteria and procedures as the Board of Directors shall from time to time determine.
In consideration of all the provisions of this policy, the Annual Premium under all policies of the Named Insured with the Underwriter shall be determined in accordance with the Rating & Premium Plan.