Documentation of Insurance Premium Rate Increases Sample Clauses

Documentation of Insurance Premium Rate Increases. To show increases in the premiums rates for automobile liability insurance, comprehensive general liability insurance, employee health care insurance, unemployment insurance and/or Worker’s Compensation Insurance the Contractor must submit with its annual Insurance Premium Rate Increase Claim Statement copies of the full insurance policies and copies of all invoices from the insurance carriers, governmental agencies and/or health/welfare funds noting the full amounts of premiums and other costs on per vehicle and per employee bases, as applicable, that are the subject of the Contractor’s claims. To be eligible for partial or total suspension of the two percent (2%) prompt payment discount, the Contractor must be able to demonstrate the following: (a) For a suspension of the discount during the 2000-01 Extension Year, the Contractor must show on per vehicle and per employee bases, as applicable, the differences between all premiums paid for automobile liability insurance, comprehensive general liability insurance and employee health care insurance only(12) for the period from July 1, 1999 to June 30, 2000 and the amounts paid for such coverage for the period from July 1, 1998 to June 30, 1999. The percentage of difference for all such costs shall be calculated as a weighted average of the percentages of difference for each type of cost in relation to the total amount that the Contractor shall have paid for each category of insurance. For a total discount suspension during Extension Year 2000-01, the weighted average difference between the two (2) years must at least equal the value of the discount itself for the 1999-2000 Extension Year as adjusted by the annual percentage of increase for the 2000-01 Extension Year provided at ARTICLE V–A, 28(C) or 29(D) (as applicable) of the Contract. To the extent that the weighted average difference is between zero percent (0%) and two percent (2%), there will be a proportionate reduction in the discount suspension, i.e., a “partial” suspension. (b) For a suspension of the discount during the 2001-02 Extension Year, the Contractor must show on per vehicle and per employee bases, as applicable, the differences between all premiums paid for automobile liability insurance, comprehensive general liability insurance and employee health care insurance only for the period from July 1, 2000 to June 30, 2001 and the amounts paid for such coverage for the period from July 1, 1998 to June 30, 1999. In addition, the Contractor must...

Documentation of Insurance Premium Rate Increases. To show increases in the premiums rates for automobile liability insurance, comprehensive general liability insurance, employee health care insurance, unemployment insurance and/or Worker’s Compensation Insurance the Contractor must submit with its annual Insurance Premium Rate Increase Claim Statement copies of the full insurance policies and copies of all invoices from the insurance carriers, governmental agencies and/or health/welfare funds noting the full amounts of premiums and other costs on per vehicle and per employee bases, as applicable, that are the subject of the Contractor’s claims. To be eligible for partial or total suspension of the two percent (2%) prompt payment discount, the Contractor must be able to demonstrate the following: (a) For a suspension of the discount during the 2000-01 Extension Year, the Contractor must show on per vehicle and per employee bases, as applicable, the differences between all premiums paid for automobile liability insurance, comprehensive general liability insurance and employee health care insurance only(10) for the period from July 1, 1999 to June 30, 2000 and the amounts paid for such coverage for the period from July 1, 1998 to June 30,