PREMIUM BILLING. We will send premium xxxxxxxx based on the amount and frequency of premium payments which you request. You may change the amount and, subject to our published rules, the frequency or method of billing by giving Written Notice. If we do not receive any premium payments for 24 consecutive months, we will stop xxxxxxxx.
PREMIUM BILLING. The Broker and Company agree to account for and pay all premium balances in accordance with regulatory requirements and the following procedure: Premiums received (collected) by the Broker will be segregated and cleared through a premium trust account with disbursement from such account limited to commissions and premium payments. The total premium shall be received by the Company prior to the issuance of a certificate of insurance and/or binding coverage.
PREMIUM BILLING. We will send premium xxxxxxxx based on the amount and frequency of premium payments which you request. You may change the amount and, subject to our published rules, the frequency or method of billing by giving Written Notice. If we do not receive any premium payments for 24 consecutive months, we will stop xxxxxxxx. 4. PREMIUMS (continued) 4.3 ALLOCATION OF PREMIUMS. Premiums are allocated to subaccounts of the Variable Account, to Fixed Period Allocations and to the Fixed Account according to the premium allocation percentages you select for this contract. Premiums paid before we approve your application are credited with interest from the day we receive them in our Service Center to the end of the Valuation Period during which your application is approved, at which time any premiums and interest are allocated. All other premiums are allocated at the end of the Valuation Period during which we receive them. The premium allocation percentages on the Date of Issue are specified in the Application. You may change these percentages by giving us Written Notice. Any change will be effective for each premium received with or after your notice. The sum of the premium allocation percentages must be 100% and each premium allocation percentage must be a whole number not greater than 100%. If necessary, we will adjust your allocation to eliminate fractional percentages. The minimum Fixed Period Allocation is $1,000. If we receive any smaller allocations, they will instead be applied to the Money Market Subaccount.
PREMIUM BILLING. If applicable, the Group will be responsible for the payment of the “Total Monthly Premium per Enrollee” of all Group members. The Total Monthly Premium may be less for Enrollees who qualify for Low Income Subsidy (LIS) as defined by CMS. The Group will also be responsible for any Late Enrollment Penalty charges that Group members have been assessed by CMS. The first Contract charge is payable on the effective date of this Contract. Monthly charges are payable on the first day of each following month during the time this Contract is in effect.
PREMIUM BILLING. You will be responsible for the payment of the “Total Monthly Premium per Covered Retiree” of all Group members. The Total Monthly Premium may be less for Covered Persons who qualify for LIS as defined by CMS. You will also be responsible for any LEP charges that Group members have been assessed by CMS. The first Premium charge is payable before the Effective Date of this Agreement. Monthly charges are payable on the first day of each following month during the time this Agreement is in effect.
PREMIUM BILLING. 5.1 Company will direct xxxx policyholders and be responsible for mailing invoices and collecting premium from policyholders. All premiums shall be remitted directly to Company. PUI shall not make or promise, nor allow any Sub-producer to make or promise any payment method other than as allowed by Company.
5.2 If an applicant or policyholder remits a premium payment to PUI or Sub-producer, such premiums received by PUI or Sub-producer shall be held in a fiduciary capacity as trustee for Company until delivered to Company, however, neither PUI or Sub-producer have the authority to deposit such premiums in their own bank account. PUI shall promptly remit, and shall cause Sub-producers to promptly remit, such premium payment to Company in full, without any deduction for any commission due.
5.3 Company will be responsible for cancelling policies for nonpayment when payment is not received when due.
5.4 PUI shall assist Company in collecting premiums, as requested by Company
PREMIUM BILLING. We will send premium xxxxxxxx based on the amount and interval of premium payments which you request. You may change the amount and, subject to our published rules, the interval or method of billing by giving Written Notice.
PREMIUM BILLING. On behalf of UBL, beginning September 1, 1999 HPS shall xxxx each Covered Group for Premium amounts owed by such Covered Group to UBL, in accordance with guidelines reasonably required by UBL. "Premium" shall mean any amount that UBL charges any Covered Group for UBL Coverage. "Premium" shall not include any fee that HPS charges a Covered Group, Enrollee, or Covered Life, which fee shall be stated as a separate charge on any billing, nor any association fee or other fee charged by UBL or its endorsing association, which HPS shall xxxx as a separate charge.
PREMIUM BILLING. The District will xxxx for the collection of premiums due in excess of the District contribution as referenced in Article 20A.
PREMIUM BILLING. The District will xxxx for the collection of premiums due in excess of the District contribution as referenced in Article 20A.6c. If the premiums due are not received by the tenth (10th) day of the month following notification that past due premiums are owed, the District shall cancel the member’s medical benefits and proceed to collect past due premiums. Unit members will be billed for the collection of past due premiums and, if not fully paid within thirty
