Common use of Minimum Premium to be Collected Clause in Contracts

Minimum Premium to be Collected. Employer agrees the minimum premium to be levied and collected by the Administrator, for each coverage period in which this Contract is in effect, shall be based on 50 percent of the SAWW minimum reporting limits as specified in Section 6.1. This is multiplied by the number of Apprentices reported by the Employer for the coverage period, presently the number of Apprentices reported in Section 4.2.3, as applicable to each NCCI classification and rate the Administrator will determine upon review of the application for each period(s) covered by this Contract.

Minimum Premium to be Collected. Employer agrees the minimum premium to be levied and collected by the Administrator, for each coverage period in which this Contract is in effect, shall be based on 50 percent of the SAWW minimum reporting limits as specified in Section 6.14.2.4. This is multiplied by the number of Apprentices reported by the Employer for the coverage period, presently the number of Apprentices reported in Section 4.2.3, as applicable to each NCCI classification and rate the Administrator will determine upon review of the application for each period(s) covered by this Contract.

Minimum Premium to be Collected. Employer agrees the minimum premium to be levied and collected by the Administrator, for each coverage period in which this Contract is in effect, shall be based on 50 percent of the SAWW minimum reporting limits as specified in Section 6.1. This is multiplied by the number of Apprentices reported by the Employer for the coverage period, presently the number of Apprentices reported in Section 4.2.3, as applicable appl i c abl e to each eac h NCCI classification and rate the Administrator will determine upon review of the application for each period(s) covered by this Contract.