Excess premium definition

Excess premium means the amount by which a contract premium in the first policy year exceeds the contract premium in the 2nd policy year.
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Excess premium means a premium which is received by, or which becomes due to, a long-term insurer during a premium period, and which -
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Excess premium means premium paid in any policy year in excess of basic or target premium.
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Examples of Excess premium in a sentence

  • Referral Contracts appearing in the Insured Operations in the Schedule shall be automatically covered if specified as an Endorsed Referral Contract in the Schedule, subject to any agreed alteration in this Policy’s Excess, premium or other terms.

  • We would ask that you log into your My LAWPRO account at lawpro.ca to enter your credit card details for your Excess premium.

  • C maximum.2.11.21Universal plaster attains early strength during the drying process and the plaster work does not suffer from inherent shrinkage cracks.

  • Excess premium payment amounts paid will be refunded prorated to the day coverage was terminated.

  • As we discuss in this paper, FOSS is proving to be a useful tool for solving the conflicting requirements inherent in large military telecom system designs.

  • Obtain this information from your insurance agent to make certain the rate is current.Estimated Payroll/ReceiptsFill in payroll and/or gross receipt amounts projected for work you will perform for each General Liability classification code.PremiumTotal primary premium(s).Total General Liability PremiumsTotal premium(s) for each classification.B. Umbrella/Excess CostIf applicable, fill in your Umbrella / Excess premium based onexposures associated with this Project.C. SubtotalSubtotal A + B + C aboveD.

  • For 2018, Other items also include Excess premium paid related to buyback of NOK bond and USD Convertible bond.

  • Shortly after, he obtained his Master’s Degree from the University of Denver and advanced professionally becoming first a math coach, leading school wide implementation of data-driven instruction that was recognized by the state for the resulting achievement gains, and then becoming the school’s assistant principal.

  • Endorsement Effective:Named Insured:Policy No. IT IS AGREED that the Policy is hereby amended as follows:In consideration for the assessment of the No Laser Rate Cap (NLRC) premium factor adjustment applied to the Specific Excess premium rates, we agree that at the time of renewal of your Policy with us for the next Policy Period, your Policy will not contain any additional Persons with Specific Excess Retentions, as listed in the Schedule.

  • Excess premium received during an accounting period 150will retain with the fund and any shortage of fund will be addressed by the 151government from the general taxation revenue.


More Definitions of Excess premium

Excess premium is the premium credited to a Flexible Premium policy in the first year that is greater than New premium.
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Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit. Compensation payable for sales of Travelers Corporate Variable Life will be as follows: -------------------------------------------------------------------------------------------- Excess Up To Excess Above Commission on New Target Renewal Years Renewal Years TAMRX Xxxmium TAMRX Xxxmium Assets Premium 2-4 5-7 Years 1-7 Years 1-7 Years 8-20 -------------------------------------------------------------------------------------------- 15% 10% 4.5% 3.5% 2% 0.20% -------------------------------------------------------------------------------------------- Commission paid on all premiums years 8+: 0% Compensation payable for sales of Travelers Corporate Variable Life 2000 and Corporate Variable Life 2000 Enhanced will be as follows: ---------------------------------------------------------------------------------------------- Excess Commission Commission Commission Renewal Renewal Premium on Assets on Assets on Assets New Target Premium Yrs 2-4 Yrs 5-7 Yrs 1-7 Yrs. 8-15 Yrs 16-25 Yrs 26 + ---------------------------------------------------------------------------------------------- 18% 10% 4.5% 3.5% 0.20% 0.10% 0.05% ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Bonus Production Level ---------------------------------------------------------------------------------------------- 0-9,999,999 0% ---------------------------------------------------------------------------------------------- 10,000,000+ 0% ---------------------------------------------------------------------------------------------- Bonus commission will be retroactive to the first dollar of paid target premium only. Production levels will be measured on a calendar year for the purpose of qualifying for the bonus. Commission will be paid consistent with applicable law. The Travelers Insurance Company Mark X. Xxxxxx, XXA, MAAA Date Vice President
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Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit for business issued and paid in 1999-2000. -------------------------------------------------------------------------------------------------------------------------------- Excess Up To Excess Above Commission on New Target Renewal Years Renewal Years TAMRX Xxxmium TAMRX Xxxmium Assets Years 8- Premium 2-4 5-7 Years 1-7 Years 1-7 20 -------------------------------------------------------------------------------------------------------------------------------- 15% 10% 4.5% 3.5% 2% 0.20% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Bonus Production Level -------------------------------------------------------------------------------------------------------------------------------- 0-4,999,999 0% -------------------------------------------------------------------------------------------------------------------------------- 5,000,000-9,999,999 2% -------------------------------------------------------------------------------------------------------------------------------- 10,000,000-24,999,999 3% -------------------------------------------------------------------------------------------------------------------------------- 25,000,000-49,999,999 5% -------------------------------------------------------------------------------------------------------------------------------- 50,000,000+ 6% -------------------------------------------------------------------------------------------------------------------------------- Commission paid on all premiums years 8+: 0% Bonus commission will be retroactive to the first dollar of paid target premium only. Production levels will be measured from 1999 through 2000 year end for the purposes of qualifying for a bonus. This bonus only applies to production through the end of the year 2000.
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Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit for business issued and paid in 1999-2000.
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Related to Excess premium

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

  • Excess Proceeds With respect to any Liquidated Mortgage Loan, the amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage Loan received in the calendar month in which such Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of such Liquidated Mortgage Loan as of the Due Date in the month in which such Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Interest Rate from the Due Date as to which interest was last paid or for which a Periodic Advance was made (and not reimbursed) up to the Due Date applicable to the Distribution Date immediately following the calendar month during which such liquidation occurred.

  • Allocable Excess Proceeds will mean the product of:

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

  • Excess property means property under the control of any Federal awarding agency that, as determined by the head thereof, is no longer re- quired for its needs or the discharge of its responsibilities.

  • 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.

  • Excess Payment means the amount paid by any Guarantor in excess of its Ratable Share of any Obligations; (b) “Ratable Share” shall mean, for any Guarantor in respect of any payment of Obligations, the ratio (expressed as a percentage) as of the date of such payment of Obligations of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of all of the Loan Parties exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties hereunder) of the Loan Parties; provided, however, that, for purposes of calculating the Ratable Shares of the Guarantors in respect of any payment of Obligations, any Guarantor that became a Guarantor subsequent to the date of any such payment shall be deemed to have been a Guarantor on the date of such payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such payment; and (c) “Contribution Share” shall mean, for any Guarantor in respect of any Excess Payment made by any other Guarantor, the ratio (expressed as a percentage) as of the date of such Excess Payment of (i) the amount by which the aggregate present fair salable value of all of its assets and properties exceeds the amount of all debts and liabilities of such Guarantor (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder) to (ii) the amount by which the aggregate present fair salable value of all assets and other properties of the Loan Parties other than the maker of such Excess Payment exceeds the amount of all of the debts and liabilities (including contingent, subordinated, unmatured, and unliquidated liabilities, but excluding the obligations of the Loan Parties) of the Loan Parties other than the maker of such Excess Payment; provided, however, that, for purposes of calculating the Contribution Shares of the Guarantors in respect of any Excess Payment, any Guarantor that became a Guarantor subsequent to the date of any such Excess Payment shall be deemed to have been a Guarantor on the date of such Excess Payment and the financial information for such Guarantor as of the date such Guarantor became a Guarantor shall be utilized for such Guarantor in connection with such Excess Payment. This Section 10.06 shall not be deemed to affect any right of subrogation, indemnity, reimbursement or contribution that any Guarantor may have under Law against the Borrower in respect of any payment of Obligations.

  • 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.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • 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.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • New business premium rate means, for each class of business as to a rating period, the lowest premium rate charged or offered, or which could have been charged or offered, by the small employer carrier to small employers with similar case characteristics for newly issued health benefit plans with the same or similar coverage;

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • 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.

  • Prepayment Charge Period As to any Mortgage Loan, the period of time during which a Prepayment Charge may be imposed.