Minimum Premium definition

Minimum Premium means the fixed cost chargeable to an employer, independent of the claims costs of the employer during the year of experience.

Minimum Premium. The Premium amount specified as such in Section 1.

Minimum Premium means the amount of Rs.50/-.

Examples of Minimum Premium in a sentence

• If this Insurance shall be cancelled by or on behalf of the Underwriters the Underwriters shall retain the pro rata proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the pro rata proportion of any Minimum Premium stipulated herein whichever is the greater.

• If this Insurance shall be cancelled by the Assured the Underwriters shall retain the customary short rate proportion of the premium hereon, except that if this Insurance is on an adjustable basis the Underwriters shall receive the Earned Premium hereon or the customary short rate proportion of any Minimum Premium stipulated herein whichever is the greater.

• We will take into account any Minimum Premium that is specified on the Schedule.

• If any part of the Premium is calculated on estimates, then the Insured shall within one month from the expiry of each Period of Insurance furnish such details as the Company may require, and the Premium for such period shall be adjusted subject to any Minimum Premium.

• Conditions The following Conditions apply to all parts of this Policy Adjustment If any part of the Premium is calculated on estimates, then the Insured shall within one month from the expiry of each Period of Insurance furnish such details as the Company may require, and the Premium for such period shall be adjusted subject to any Minimum Premium.

More Definitions of Minimum Premium

Minimum Premium means the minimum amount paid by the Insured to the Insurer as consideration, calculated on the basis of Projected amount of Insured Receivables arising from despatches during the period of Cover initially submitted by the Insured under this Agreement specified in the Schedule of Particulars and is non-refundable;

Minimum Premium. The Minimum Premium, as stated in Section 1. Declarations, must be paid prior to the termination date if this Policy is terminated prior to the end of the Policy Year. The Minimum Premium requirement only applies if this Policy is terminated prior to the end of the Policy Year. Reimbursements under this Policy may be limited and coverage under this Policy may be rescinded entirely if the Minimum Premium is not paid. If this Policy terminates prior to the end of the Policy Year and the Minimum Premium has not been paid within 30 days following the termination date, the Company may (at its option): (1) offset the shortfall in the actual premiums paid against any claims submitted for reimbursement; (2) rescind this Policy; or (3) seek the required Minimum Premium through any legal remedy. If payment of the Minimum Premium in full is not made within this thirty-day period, Alliant will be entitled to assess monthly a late payment fee equal to 7% per annum of the outstanding balance, plus any reasonable expenses including, but not limited to, collection agency fees, bank fees, and legal fees. Aggregate Stop Loss Factor Alliant reserves the right to make adjustments in the Aggregate Stop Loss Factor as of the date of any change in the Plan or as of the date of any other change in factors bearing on the risk assumed, including but not limited to:

Minimum Premium. $126,000 (National Pool: $89,811; New York Pool: $36,189). ------- The National Pool consists of: Home State Insurance Company (40%); Quaker City Insurance Company (25%); Pinnacle Insurance Company (20%); and Xxxxxxxxx Insurance Company (15%). The New York Pool consists of: New York Merchant Bakers Insurance Company (85%); Home Mutual Insurance Company of Binghamton, New York (15%). Reinsurers Effective January 1, 1997: ------------------------------------ % FEIN NAIC - ---- ---- Signet Star Reinsurance Company 10.000% 00-0000000 32603 Wilmington, Delaware Transatlantic Reinsurance Company 10.000% 00-0000000 00000 Xxx Xxxx, Xxx Xxxx Underwriters Reinsurance Company 40.000% 00-0000000 22314 Concord, New Hampshire ------- Sub-Total: 60.000%

Minimum Premium. $580,000 REINSTATEMENT: One full reinstatement with additional premium calculated pro rata as to amount and 100% as to time.

Minimum Premium has the meaning given thereto in Section 5.2.1;

Minimum Premium means the minimum amount we will charge to cover your goods for any period of time.

Minimum Premium. The Premium amount specified as such in Section 1. Monthly Anniversary Day: The same day in each succeeding month as the day of the month corresponding to the Issue Date. Monthly Cost of Insurance: A deduction made on a monthly basis for the insurance coverage provided by this Policy. See Section 8. Monthly Expense Charge: A per Policy deduction, made on a monthly basis, for administration and other expenses. See Section 1. Mortality and Expense Risk Percentage: The annual percentage rate deducted from the Account Value in the Sub-Accounts for the mortality and expense risk charge. This annual rate is converted to a daily rate, the Daily Risk Percentage, and deducted from the Variable Account on a daily basis. See Section 1.