Insurance Premium Pool Sample Clauses

Insurance Premium Pool. 44 The amount of revenue available to the bargaining unit as specified in Section 11.1.3 herein 45 shall comprise the premium pool. It is understood that the FTE count is frozen at the S-277 46 FTE's in the bargaining unit for the purpose of generating the pool. Upon closing of insurance 47 plan enrollment periods, the District shall compare the bargaining unit insurance premium 48 usage to the size of the premium pool. Such comparison information is to be provided to the
Sample 1
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Insurance Premium Pool. 41 The amount of revenue generated by the bargaining unit per month per full-time equivalent 42 shall comprise the premium pool. It is understood the FTE count is frozen at September 30
Sample 1
Insurance Premium Pool. An insurance pool per full-time equivalent (FTE) shall be created by taking the total number of FTE employees in the bargaining unit as of the first Friday of the instructional school year times the State funded amount times 12. 2003-2006 Collective Bargaining PSE of 1,2003 The District shall compare the bargaining unit insurance premium usage to the size of the premium pool. Such comparison information is to be provided to the Association. If the pool exceeds usage. the excess shall be divided employees whose insurance cause payroll deductions, with said division to be on a pro rata basis until enrollments are fully paid or the excess depleted. The pool shall be recomputed effective the 5th of and benefits so apportioned. It is understood that except for the addition of new dependents, enrollments are closed for the purpose of the insurance pool. All employees hired after the pool is established shall receive the appropriate amount as in Section 13.1 per month per and shall not be included in the pool, subject to the computation dates cited above. If, after all bargaining unit employees and their dependents as specified in this Section have their Basic benefits package covered in there are funds left in the pool, these funds may be used for the purchase of optional benefits and a second pool established for their distribution on a pro rata basis.
Sample 1
Insurance Premium Pool. An insurance pool per full-time equivalent (FTE) shall be created 40 by taking the total number of FTE employees in the bargaining unit as of the first Friday of the instructional 41 school year times the State funded amount times 12. 44 45 47 The District shall compare the bargaining unit insurance premium usage to the size of the premium pool. Such 48 comparison information is to be provided to the Association. If the pool exceeds usage, the excess shall be 1 divided by employees whose Basic benefit package insurance enrollments cause payroll deductions, with said 2 division to be on a pro rata basis until enrollments are fully paid or the excess depleted. The pool shall be
Sample 1

Related to Insurance Premium Pool

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • Insurance Premiums Tenant shall pay or cause to be paid all premiums for the insurance coverage required to be maintained pursuant to Article 9.

  • Reinsurance Premiums A. The total Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium, the EPB Reinsurance Premium and the GMIB Reinsurance Premium, each of which is defined separately in this article. B. The Reinsurance Premium rates and structure described above are subject to change in accordance with the criteria described in Article XV. GMDB AND EPB ------------ C. The total GMDB Reinsurance Premium for the business ceded hereunder is the sum of the GMDB Reinsurance Premium and the EPB Reinsurance Premium, each of which is defined separately in this article. GMDB CESSION PREMIUM -------------------- D. The GMDB Reinsurance Premium is expressed in terms of basis points and is defined in Exhibit II. E. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the greater of the average aggregate GMDB value and the average aggregate account value for the reporting month. This value shall be applied to the GMDB Cession Premium rates per premium class on a 1/12th basis. EPB CESSION PREMIUM ------------------- F. The EPB Reinsurance Premium is an asset-based premium rate, expressed in terms of basis points, and is defined in Exhibit II. G. The Cedent shall calculate, for each premium class, the Reinsurer's Percentage of the average aggregate account value for the reporting month. This value shall be applied to the annualized EPB reinsurance premium rates per premium class on a 1/12th basis. The total EPB Cession Premium due for the month is the sum of the premiums calculated for each premium class. SPOUSAL CONTINUANCES -------------------- H. Spousal continuances will be covered under this Agreement to the extent that the surviving spouse satisfies the issue age restrictions and benefit limitations, as described in Schedule A, at time of continuance, and shall be deemed to be terminations followed by subsequent new issues for purposes of calculating Reinsurance Premiums. The new reinsurance premium rate applied shall be based off the attained age of the surviving spouse at the time of election of spousal continuance. After the termination of this Agreement for new cessions, a spousal continuation of a Reinsured Contract may be ceded to this Agreement in accordance with the procedure set forth in Article I, Paragraph D. GMIB ---- I. The GMIB cession premium ("GMIB Reinsurance Premium") is an asset-based premium rate, expressed in terms of basis points, as set forth in Exhibit II, and shall be calculated on an aggregate basis. J. The Cedent shall calculate the Reinsurer's Percentage of the greater of the average aggregate IBB value and the average aggregate account value for the reporting month. This value shall be applied to the annualized GMIB cession premium rates on a 1/12th basis.

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

  • Increase in Insurance Premiums If an increase in any insurance premiums paid by Landlord for the Building is caused by Tenant's use of the Premises or if Tenant vacates the Premises and causes an increase in such premiums, then Tenant shall pay as additional rent the amount of such increase to Landlord.

  • Single Premium Credit Life Insurance None of the proceeds of the Mortgage Loan were used to finance single-premium credit life insurance policies;

  • Health insurance premiums If you are unemployed and have received unemployment compensation for 12 consecutive weeks under a federal or state program, you may take payments from your IRA to pay for health insurance premiums without incurring the 10 percent early distribution penalty tax.

  • Premium Payment The Bank shall pay any premiums due on the Policy.

  • PREMIUM TAX The Reinsurer will not reimburse the Ceding Company for premium taxes.

  • Insurance Reserves Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the insurance premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor's sole responsibility.

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