Increases in Premiums Clause Samples
The "Increases in Premiums" clause defines the circumstances under which an insurer may raise the cost of insurance premiums during the policy term. Typically, this clause outlines the process for notifying the policyholder of any premium adjustments, the timing of such increases, and any limitations or conditions that must be met before a change can take effect. For example, it may require advance written notice or specify that increases are only allowed at renewal. The core function of this clause is to provide transparency and predictability regarding potential changes in insurance costs, helping both parties manage financial expectations and obligations.
Increases in Premiums. This Lease is entered into on the basis that Tenant’s occupancy will not affect the Property’s classification for insurance rating purposes. If Tenant’s use of the Premises for any use other than general office results in higher insurance premiums for any buildings situated on the Property, Tenant shall pay for the increased costs of the premiums for insuring any such buildings against loss by fire with standard extended coverage endorsements during the Term. If the insurance premiums on any such buildings are increased during the Term as a result of the installation of equipment on the Premises by Tenant, by reason of Tenant maintaining certain goods or materials on the Premises or as a result of use or occupancy of the Premises by Tenant for any use other than general office, Tenant shall pay the additional cost of the insurance for any such buildings (whether or not Landlord has consented to the activity resulting in the increased insurance premiums). Tenant shall refrain from any activity in its use of the Premises which would make it impossible to insure the Premises or the Building against casualty or which would increase the insurance rate of any such buildings or prevent Landlord from taking advantage of the ruling of the Insurance Rating Bureau of the state in which the Premises are situated or its successors allowing Landlord to obtain reduced premium rates for long term fire insurance policies, unless Tenant pays the additional cost of the insurance. All of Tenant’s electrical equipment shall be U-L approved. If Tenant installs any electrical equipment that overloads the lines in the Premises or in any such buildings, Tenant shall at its own expense make whatever changes are necessary to comply with the requirements of the insurance underwriters and governmental authorities having jurisdiction. Any insurance premiums to be paid by Tenant by reason of its initial intended use of the Premises or any increase in fire insurance premiums attributable to Tenant’s use or occupancy of the Premises during the Term shall be paid by Tenant to Landlord within thirty days after Landlord bills Tenant for the same.
Increases in Premiums. The City will pay for any increase in the medical plan premiums up to a maximum of 15% annually of the lowest cost HMO family rate. Any premium increase above 15% will be deducted from the employee’s paycheck on a pre-tax basis. In the event that the medical premium increase is less than 15%, the City’s sole obligation is to pay the lower percentage increase.
Increases in Premiums. As the Employer may from time to time make modifications in the plan, the Association will be given at least thirty (30) days’ advance notice before implementation of any change. During the term of this Agreement, the parties agree that Article 11, Health and Welfare Programs, may only be opened for bargaining in good faith if there are material reductions in benefits related to the Health Reimbursement (HRA) and Health Savings (HSA) medical plans including, but not limited to , material increases in in-network deductible, out-of-pocket maximums, premium percentages or a material reduction in the employer contributions under the health incentive program. The premiums for the medical plans for plan year 2020 have been provided to the Association. Premiums for the medical plans for the 2021 and 2022 plan years shall not increase by more than 10% on a blended average basis, meaning for some categories the increases can be greater than 10% and others less than 10%. This commitment shall not apply to administrative changes (including physician networks) that may apply to the plan. The Employer agrees to provide written notice of benefit plan changes. The employee shall pay the difference, if any, between the Hospital’s contribution and the premium required in order to maintain her/his coverage.
Increases in Premiums. Effective February 1, 2014, CFCS will pay the dollar cost of the Kaiser single rate $40 and $20 co-pay plans up to a maximum of Six Hundred and Sixteen Dollars and Twenty Six Cents ($616.26) per month toward the single plan rate. In the event the cost of the medical premium exceeds the amount specified, the employee shall pay the difference.
Increases in Premiums. Tenant shall not conduct or permit any operation or activity, or the storage or use any materials, in or around the Premises that would cause suspension or cancellation of any insurance policy carried by Landlord. If Tenant’s use or occupancy of the Premises causes Landlord’s insurance premiums to increase, then Tenant shall pay to Landlord, as additional Rent, the amount of the increase within ten days after Landlord delivers written evidence of the increase to Tenant.
Increases in Premiums. Lessee agrees that it will not keep, use, sell or offer for sale in or upon the Premises any article which may be prohibited by any insurance policy in force at any time during the term hereof covering the Premises. If Lessee's occupancy or conduct of business in the Premises, whether or not Lessor has consented to the same, results in any increase in premiums for the insurance carried from time to time by Lessor hereunder, Lessee shall pay any such increase in premiums within ten (10) days after being billed therefor by Lessor. In determining whether increased premiums are a result of Lessee's use or occupancy of the Premises, a schedule issued by the organization computing the insurance rate on the Premises showing the various components of such rate shall be conclusive evidence of the several items and charges which make up the rate. Lessee shall promptly comply with all reasonable requirements of the insurance authority or of any insurer now or hereafter in effect relating to the Premises.