Risk Premium Charge definition

Risk Premium Charge. The amount payable by the Group Policyholder for the life insurance cover of the Members under the Group Policy which is payable in accordance with the terms of the Group Policy.
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Risk Premium Charge. The amount payable by the Master Policyholder for the life insurance cover of the Members under the Master Policy which is payable in accordance with the terms of the Master Policy.
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Risk Premium Charge shall have the meaning ascribed to it in Clause 6.8.
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Examples of Risk Premium Charge in a sentence

  • Under the terms of the Senior Debentures, the holder will receive a risk premium charge (the "Risk Premium Charge") which is an amount equal to 10% of the principal due under the Senior Debentures.

  • Interest accrues on the Risk Premium Charge commencing on the date they were issued (May 1, 2018) at the same rate as on the Senior Debentures and any interest so accrued shall be compounded and considered as part of such amount.

  • This was helpful, because those with psychotic disorders unfortunately show higher rates of physical illness and estimates of shorter life spans.

  • Subject to sub-clauses 19.2A(2) and (3), the Trustee is entitled to charge an annual fee to hold on its own account against the risk of acting as trustee of the Trust and other RSEs (Risk Premium Charge) which, will be an amount equal to 0.03% of the RSE NAV on the last day of the previous financial year.

  • If the Risk Premium Charge is not received in full on the expiry of the grace period, then the Company shall immediately and automatically deduct an amount equal to the Risk Premium Charge from the Fund Value.

  • The Trustee is also entitled to charge a fee to hold on its own account against the risk of acting as Trustee of the Fund and the Trust, which is otherwise referred to as a Risk Premium Charge.

  • An area of land within the Cottage Farm development has been set aside for allotment provision within the next few years.

  • Risk Premium Charge for all Members shall be payable on the Effective Date of the Master Policy and at each subsequent Annual Renewal Date.

  • There is also no 13 Solomon report, pp 38-59.14 DPMC, FOI Annual Report 2007-8,[1.25].requirement under 15AB for the IC or agency to consult an applicant in making such a request.

  • For the avoidance of doubt the payment of the Risk Premium Charge under this clause19.2A is treated as the payment of a Trust Liability and does not limit the Trustee’s right to reimbursement under clauses 19.1 and 19.2 or the Trustee’s right of indemnity under clause 20.

Related to Risk Premium Charge

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • 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 Charge means the higher of the rate minimum and the rate applied to the Contracted Minimum Demand;

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Charge shall have the meaning set forth in Article 5.

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

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

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Contract Charges means charges that accrue during a given month as defined in Article III. “Contract Term” is defined in Article IV.

  • SLDC Charges means the charges levied by the SLDC of the state wherein the Solar Power Project is located;

  • Room charge means the charge imposed for the use or occupancy of a room, excluding charges for food, beverages, state use tax, telephone service, or like services paid in connection with the charge, and excluding reimbursement of the assessment imposed by this act.

  • CCAA Charges means the Administration Charge and the Directors’ Charge;

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

  • Track Charges means the charges payable by or on behalf of the Train Operator to Network Rail, as set out in paragraph 1 of Part 2 of Schedule 7 or under the Traction Electricity Rules;

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • 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.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • 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.

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.