Determining Premium Clause Samples
Determining Premium. On approximately the fifteenth day of each month, the Insurance Company will determine the number of Members Covered under the Policy, and this will be the basis for the Premium charged by the Insurance Company for the following billing period. The Group will submit monthly a listing of Members for the Insurance Company to reconcile Members covered under the Group’s Coverage. The following describes how the Insurance Company will bill for adding and terminating Members:
Determining Premium. On [approximately] [the] [first – thirtieth] [(1st - 30th)] [day] [of each month] [of each billing period], the [Plan] [Group] will determine the number of [Subscribers] [and/or] [Members] Covered under the Group's Coverage, and this will be the basis for the Premium [charged] [paid] by the [Plan] [Group] for the [following] [current] billing period. [The Group will submit [monthly] [quarterly] [semi-annually] [annually] a listing of [Subscribers] [Members] for the Plan to reconcile [Subscribers] [Membe6rs] covered under the Group’s Coverage.] The following describes how the [Plan] [Group] will ▇▇▇▇ for adding and terminating Members: