Insurance Cost definition

Insurance Cost means, with respect to a Participant, the annual cost for the Participant's Coverage Amount determined pursuant to the Insurance Cost schedule maintained by the Plan Administrator. The Insurance Cost for a Participant shall be determined at the time of the Participant's enrollment in the Plan, based on the Participant's Coverage Amount and Enrollment Age, and shall not change thereafter. A smoker rate shall be used to determine the Insurance Cost for any Participant who is deemed a smoker by the Insurer; a nonsmoker rate shall be used for all other Participants. A change in the Insurance Cost schedule will be effective only as to Plan enrollments occurring after the effective date of the change; it shall not affect the Insurance Cost for a Participant with respect to any Coverage Amount in effect for the Participant prior to the effective date of the change. If a Participant's coverage is in effect for a period of less than twelve (12) months during any Policy Year, the Participant's Insurance Cost for that year shall be determined by multiplying the annual cost as determined from the Insurance Cost schedule by a fraction, the numerator of which is the number of full months that the coverage is in effect and the denominator of which is twelve (12).
Sample 1Sample 2Sample 3
Insurance Cost means the cost of insuring a motor vehicle per year divided by the number of miles an average motor vehicle is driven per year.
Sample 1Sample 2Sample 3
Insurance Cost means the cost to the Supplier
Sample 1Sample 2Sample 3

Examples of Insurance Cost in a sentence

  • AWARD OF DISPUTE RESOLUTION PROFESSIONAL I, THE UNDERSIGNED DISPUTE RESOLUTION PROFESSIONAL (DRP),designated by the American Arbitration Association under the Rules for the Arbitration of No-Fault Disputes in the State of New Jersey, adopted pursuant to the 1998 New Jersey “Automobile Insurance Cost Reduction Act” as governed by N.J.S.A. 39:6A-5, et.

  • Bidder shall take into account of all costs including Packing, Freight, Transportation, Insurance Cost including unloading of machine at the location of the purchaser for giving delivery of material at site as detailed at Para 4 of “Instructions to the Tenderer” before quoting the “Price of Machines before GST” in the Commercial Bid.

  • Third Party Health Insurance Cost Avoidance Claims Amount by Carrier b.

  • The Life Insurance Net Payment Cost Index is calculated in the same manner as the comparable Life Insurance Cost Index except that the cash surrender value and any terminal dividend are set at zero.

  • We shall ensure that the information in the Joint Insurance Cost Report is fairly represented, based on the information available to us.


More Definitions of Insurance Cost

Insurance Cost means such costs as may be incurred by the Company on behalf of the Client in assisting with the arrangement of insurance cover for the Client in respect of the Property, its contents or otherwise;
Sample 1Sample 2Sample 3
Insurance Cost means the amount paid by STI during the specified period as product liability insurance premiums relating to the Products, expressed in dollars per unit of Regular Products to be delivered during such period as forecast by Center pursuant to Section 3.2; provided, however, that in the event the amount so calculated is less than $.24 per unit, the Insurance Cost shall be the amount so calculated plus one-half the amount by which $.24 exceeds such amount.
Sample 1Sample 2Sample 3
Insurance Cost means in respect of any period for which the same is required to be calculated the aggregate of the amount which the Landlord shall have reasonably and properly expended:
Sample 1Sample 2
Insurance Cost means the cost paid, to be paid or that otherwise would be payable by TCG or any of its Subsidiaries to secure the Insurance Policy.
Sample 1Sample 2
Insurance Cost means the sums that the Landlord shall from time to time pay by way of premium:
Sample 1Sample 2
Insurance Cost means, for any fiscal period, the total cost to -------------- the Landlord calculated in accordance with generally, accepted accounting principles, for insuring the Leased Premises.
Sample 1
Insurance Cost means, for any fiscal period, the total cost to the Landlord calculated in accordance with generally accepted accounting principles, for insuring the Complex pursuant to the terms of this Lease.
Sample 1