Insurance Premium Payment Sample Clauses
The Insurance Premium Payment clause sets out the obligations of the insured party to pay premiums to the insurer as a condition for maintaining coverage. Typically, it specifies the amount, frequency, and method of payment, and may outline consequences for late or missed payments, such as suspension or cancellation of the policy. This clause ensures that the insurer receives timely payments, thereby keeping the insurance policy active and protecting both parties from lapses in coverage.
Insurance Premium Payment. Any employee participating in the group health insurance plan may request to have the employee's share of the premium paid through salary reduction, wherein the district reduces the employee's salary by the employee cost, with the district then paying 100% of the health premium.
Insurance Premium Payment. The City will continue to pay the insurance premiums on behalf of a disabled employee and dependents if the employee has elected these benefits, pursuant to the provisions for such payments otherwise provided in this agreement, until the date of the employee’s separation from City service.
Insurance Premium Payment. The Concessionaire shall, in accordance with Good Industry Practice, at its cost and expense, purchase and maintain by due re-instatement or otherwise, all insurances in respect the Project Facilities during the Concession Period. The Concessionaire shall maintain a register of entry in order of premium paid towards the Project Facilities and proof of payments made shall be submitted to NHIDCL whenever requested for.
Insurance Premium Payment. Owner shall insure that all insurance premiums due within 60 days of closing are paid prior to the Servicing Transfer Date.
Insurance Premium Payment. Project Co shall pay or cause to be paid all premiums payable in respect of the policies of insurance required to be taken out, maintained in force or renewed by Project Co pursuant to this Schedule.