Base Premium definition

Base Premium means the premiums that are paid towards the Policy and excludes the premiums paid towards the Riders and does not include any taxes and/or levies
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Base Premium means the lowest premium charged for a rating period under a rating system by a small employer carrier to small employers for a health benefit plan in a geographic area.
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Base Premium has the meaning specified in Section 4.13(a).
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Examples of Base Premium in a sentence

  • The Base Premium contemplates a $1,000,000 each claim/ $1,000,000 aggregate for the policy period.

  • Based on the original cost new and the age group of the automobile, determine the base premium from the Long Distance Physical Damage Base Premium Table.

  • The measurement is taken from the Address Base Premium address point of your child’s house to the address point of the school.

  • Zoning districts need not be coterminous with each other, therefore sending and receiving districts may overlap in some instances.

  • Base Premium Tax Revenue: For local law plans in effect on 10/1/2003, base premium tax revenue is the amount of IPTR received by a city for calendar year 2002 (cumulatively for all cities the amount of insurance premium tax revenue received for 2002 (Police, Fire, and Fire Supplemental) is approximately $100.5 million), which must be used by the city to fund minimum benefits or other retirement benefits as determined by the city.


More Definitions of Base Premium

Base Premium means, with respect to an Eligible Policy, an amount equal to 5% of the total sum insured with respect to Insured Risks (expressed in pounds sterling) for event cancellation risk.
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Base Premium shall be the annual premium applicable to the 12 month period immediately preceding the Start Date. If, however, the Project was not insured for the entirety of such 12 month period, then the Base Premium shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Start Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $2,000,000 procured under Paragraph 8.2(b).
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Base Premium has the meaning ascribed thereto in Section 5.15;
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Base Premium means the amount charged to a policyholder by the Insurer for general insurance excluding fire service levies, stamp duty, GST and other government and statutory levies and charges.
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Base Premium means the amount equal to the product of the
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Base Premium shall have the meaning set forth in Section 7.10(b).
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Base Premium means the premium developed each year separately for each of the 4 options offered under the DPMP, for retirees and survivors, from the combined 5 experience of a population composed of all retirees and survivors (pilot retirees and 6 survivors and other retirees and survivors) participating in the DPMP and the Delta 8 attributable to children of pilot retirees, such base premium will be based on the 9 combined experience of all dependents participating in the DPMP and the Delta Health 10 Plan excluding HMOs and fully insured options. Such base premium will be developed 11 by the Company’s actuary using reasonable actuarial assumptions and methods that are 12 designed to determine such base premium in the actuary's best professional judgment.
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