Premium Payable definition

Premium Payable. “ means the amount of the premium (including any risk premium in respect of the SPF (or any aspect of it) and all levies and charges relating to a Policy) due from a Firm to a Participating Insurer (excluding any amount in respect of insurance premium tax), whether or not actually received by that Participating Insurer in respect of Policies (excluding ARP Coverage and Run-off Cover) incepting in the Indemnity Period commencing on 1 December 2015 to the extent that such premium relates to the placing of cover required in accordance with the Minimum Terms and Conditions and as calculated in accordance with generally recognised professional indemnity underwriting methodologies, less any amount due to any intermediary acting as agent of the Firm for the purpose of obtaining the professional indemnity insurance but only to the extent that such amount relates to the placing of cover required in accordance with the Minimum Terms and Conditions and no deduction shall be made of any amount payable to any intermediary in respect of any service which the intermediary provides to, for or on behalf of (whether as agent or otherwise) a Participating Insurer including, without limitation, insurer’s services brokerage, market services agreement commission, claim handling fee, fee for the production of documentation, pursuant to any other work transfer arrangement or otherwise arising;
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Premium Payable means the premium due from each Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Insurer, less (only) any amount due to any intermediary acting as agent of that Firm for the purpose of obtaining professional indemnity insurance. Provided that the ARP Manager may, at its absolute discretion, round the percentage resulting from the above formula, up or down to not less than three decimal points.
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Premium Payable means the premium due from each Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Insurer, less (only) any amount due to any intermediary acting as agent of that Firm for the purpose of obtaining professional indemnity insurance. I hereby declare that the information set out above constitutes a true and accurate view of the Relevant Premium Income of the above named Insurer for the period in question. Signed: …………………………….. Print name: …………………………….. For and on behalf of the Qualifying Insurer named above Date: …………………………….. Part A Schedule 6 Certificates of Insurance (Clause 2.4) CERTIFICATE OF QUALIFYING INSURANCE (In accordance with Rule 4 Solicitors’ Indemnity Insurance Rules 2001) INDEMNITY YEAR 2001/2002 To be completed by the Qualifying Insurer (or by the broker on behalf of the Qualifying Insurer) and sent to the Insured Firm at inception. NAME OF QUALIFYING INSURER(S) AND %AGE OF COMPULSORY COVER UNDERWRITTEN Name of Qualifying Insurer % underwritten : NAME OF INSURED FIRM : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : to 31 August 2002 both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: …………………………………………………………………………. Part B CERTIFICATE OF ADDITIONAL PROFESSIONAL INDEMNITY INSURANCE (In accordance with Appendix 4.2 Solicitors’ Indemnity Insurance Rules 2001) To be completed by the Qualifying Insurer (or by the broker on behalf of the Qualifying Insurer) and sent to the Insured Firm at inception. NAME OF QUALIFYING INSURER(S) AND %AGE OF COMPULSORY COVER UNDERWRITTEN Name of Qualifying Insurer % underwritten : NAME OF INSURED FIRM : PRINCIPAL ADDRESS OF FIRM : PERIOD OF INSURANCE : From to both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Details of Insurance under Registered European Lawyers’ home professional rules: NAME OF INSURER(S), FUND OR SCHEME : PERIOD OF INSURANCE : From to both days inclusive POLICY NUMBER(S) OR INSURER’S OR BROKER’S REFERENCE(S) : Signed: …………………………………………………………………. Print name: …………………………………………………………………. For and on behalf of …………………………………………………………. Date: …………………………………………………………………………. SIGNED by ................................................... ) for and on behalf of THE LAW SOCIETY OF ) ENGLAND AND WALES ) ................................................... Duly aut...
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Examples of Premium Payable in a sentence

  • Date: Supplier/Agency: Insured Amount: Premium Payable: Signed and Delivered by the below named Borrower/s, this Addendum to Loan cum Hypothecation Agreement and POA on this the day of (month), 20 at (Place).

  • Overall Type of Loan Principal Amount Effective Annual Interest Rate (Cost of Credit) Loan Term Fees capitalized upfront and added to the loan balance Origination Fee Fees to be paid monthly Administration Fee Collection Fee Insurance Insurance Premium (Payable Each Month) Repayment Details Monthly Instalment Amount (Including Insurance) Number of Instalments over Loan Term First Instalment Date Total Repayable USE OF LOAN PROCEEDS Loan Amount TrustGro’ Loans to be refinanced.

  • Period not exceeding Proportion of Annual Premium Payable Three Months Four Months Five Months Six Months Seven Months Eight Months or above 40% 50% 60% 70% 80% Full Annual Premium Payable We may cancel the Policy by sending You seven (7) days' notice by registered post to Your last known address and in the case of Northern Ireland to the Department of the Environment for Northern Ireland and in such event will return to You the premium less a pro-rata charge for the period the Policy has been in force.

  • Subject to receipt of the Initial Purchase Price, the Loan Repayment Amount and the Share Premium Payable Amount in the Notary Account in accordance with Clause 9.3.1, each Party shall take (or have taken), or procure to be taken, the actions listed in relation to it or its Affiliates in Schedule 9.4 in the sequence set out therein, each such action up to Completion being conditional upon each of the preceding actions having been taken.

  • High Bid Price $_______________ 10.00 % Buyer’s Premium Payable to Real Estate Bid Sales Inc at closing + $_______________ Total Contract Price High Bid Price plus buyer premium $_______________ Down Payment/Deposit xxxxxxx money 10% of High bid price - $_______________ Balance due at closing $_______________ In U.S. Funds, due at Closing, not including Buyer’s closing Costs or financing costs, prepaids or prorations, in immediately Available cash or by confirmed wire transfer.

  • Period of Cover up to One Month Two Month Three Month Four Month Five Months Six Months Seven Months Over Seven Months Premium Payable 30% 40% 50% 60% 70% 80% 90% Full Premium We will deduct a cancellation fee of £75 plus any other applicable service charges that you have incurred during the course of your policy from any refund provided by your insurer.

  • Section 3.1 Put Option Premium Payable by the Company 22 Section 3.2 Payment of Put Option Premium.

  • Date: Supplier/Agency: Insured Amount: Premium Payable: Signed and Delivered by the below named Borrower/s, this Addendum to Loan cum Hypothecation Agreement and POA onthis the day of (month), 20 at (Place).

  • Short period charges will be payable as follows: Period not exceeding Proportion of Annual Premium Payable One Month 10% (minimum Premium £100) Two Months 20% Three Months 30% Four Months 40% Five Months 50% Six Months 60% Seven Months 70% Eight Months 80% Over Eight Months Full Annual Premium Payable Data Protection Act Notification: Data and personal data will be held and processed in compliance with the statutory requirements of the Data Protection Act 1998.

  • Short period charges will be payable as follows: Period not exceeding Proportion of Annual Premium Payable One Month Two Months Three Months Four Months Five Months Six Months Seven Months Eight Months Over Eight Months 10% (minimum Premium £100) 20% 30% 40% 50% 60% 70% 80% Full Annual Premium Payable Data Protection Act Notification: Data and personal data will be held and processed in compliance with the statutory requirements of the Data Protection Act 1998.


More Definitions of Premium Payable

Premium Payable means the premium due from each Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Insurer, less (only) any amount due to any intermediary acting as agent of that Firm for the purpose of obtaining professional indemnity insurance. I hereby declare that the information set out above constitutes a best estimate of the Relevant Premium Income of the above named Insurer for the period in question. Signed: …………………………….. Print name: …………………………….. For and on behalf of the Qualifying Insurer named above Date: …………………………….. Part 2 INDEMNITY YEAR [2000/2001] To be completed by the Qualifying Insurer and returned to the ARP Manager by no later than 31 January in each Indemnity Period. Name of Qualifying Insurer …………………………………………………………… Relevant Premium Income £……………………………………………………………
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Premium Payable means the premium due from each Firm to a Qualifying Insurer (excluding any amount in respect of Insurance Premium Tax), whether or not actually received by that Insurer, less (only) any amount due to any intermediary acting as agent of that Firm for the purpose of obtaining professional indemnity insurance. I hereby declare that the information set out above constitutes a best estimate of the Relevant Premium Income of the above named Insurer for the period in question. Signed: …………………………….. Print name: …………………………….. For and on behalf of the Qualifying Insurer named above Date: …………………………….. Qualifying Insurer’s Agreement 2005 - Schedule 5: Declarations of Relevant Premium Income by Qualifying Insurer Part 2 INDEMNITY YEAR 2005/2006 To be completed by the Qualifying Insurer and returned to the ARP Manager by no later than 28 February in each Indemnity Period. Name of Qualifying Insurer …………………………………………………………… Relevant Premium Income £……………………………………………………………
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Related to Premium Payable

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

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

  • Premium payment plan means a benefit plan whereby state and

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

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

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • 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 Payments $50 (with respect to all funds in the aggregate.) No payment pursuant to this Schedule is payable to a dealer, bank or other service provider for the first year with respect to sales of $1 million or more, at no load, in cases where A I M Distributors, Inc. has advanced the service fee to the dealer, bank or other service provider.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • 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.

  • 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.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

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

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • 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.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Premium Letter means the letter agreement dated the Closing Date among LBAC, the Issuer and the Note Insurer referring to payment of the Premium.

  • Interim Payment has the meaning specified in Section 10.1.

  • Premium Percentage As defined in the Insurance Agreement.

  • Insurance premium finance company means a person engaged in the business of

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

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • Lump Sum Payment means, collectively, the lump-sum payments that may be payable to Executive pursuant to the first sentence of Subsection 6(b)(iii) and pursuant to Subsection 6(c)(ii)(B).

  • State premium tax liability means any liability

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.