Premium Load Sample Clauses

Premium Load. The Premium Load is equal to the premium paid multiplied by the Premium Load Rate. The Premium Load Rate we use will not exceed the Maximum Premium Load Rate shown in the Policy Specifications.
Sample 1Sample 2Sample 3See All (16)
AutoNDA by SimpleDocs
Premium Load. The Premium Load is equal to the premium paid, categorized by Premium Type, multiplied by the applicable Premium Load Rate. The Premium Load Rate we use may vary depending on a number of factors, including Class, Premium Type the number of years the policy is In Force and source and amount of premium. Such rate will not exceed, and may be less than, the Maximum Premium Load Rates shown in the Policy Specifications.
Sample 1Sample 2Sample 3See All (4)
Premium Load. 10 Premiums............................ 5 Reinstatement.......................
Sample 1See All (4)
Premium Load. A Premium Load will be charged each time that a premium is paid to cover certain local, state and federal tax and certain sales and distribution costs. The Premium Load will equal the premium paid multiplied by the Premium Load rate shown in the Policy Specifications. The Premium Load associated with each premium will be immediately deducted from the premium paid. We reserve the right to increase the Premium Load with respect to the charge for local, state and federal tax. We will notify you of any such change.
Sample 1Sample 2
Premium Load. The Premium Load will equal the premium paid multiplied by the Premium Load Rate shown in the Policy Specifications. We reserve the right to increase the Premium Load Rate if there is an increase in our costs associated with any state or local premium taxes, or if we incur an increase in costs due to any type of federal tax. We will notify you in advance if we increase the Premium Load Rate.
Sample 1
Premium Load. Section 5.1 Accumulation Value of the base contract will be revised to read as follows. On the Contract Date, the Contract’s Accumulation Value equals the Initial Premium Paid, less the Premium Load Percentage multiplied by the Initial Premium Paid. At any time after the Contract Date, the Contract’s Accumulation Value equals the sum of the Accumulation Value(s) of the Account(s) chosen. Subsequent premiums received in the first year will also be reduced by the Premium Load Percentage multiplied by the subsequent premium amount.
Sample 1
Premium Load. The Premium Load is equal to the premium paid multiplied by the Premium Load Rate. The Premium Load Rate we use will not exceed the Maximum Premium Load Rate shown in the Policy Specifications. Premium Allocation Before the Free Look Transfer Date — Any Net Premium we receive before the Free Look Transfer Date will be allocated to the Money Market Variable Account on the Policy Date or, if later, the date we receive your premium allocation instructions. On the Free Look Transfer Date, the Accumulated Value in the Money Market Variable Account will be transferred to the Investment Options according to the most recent premium allocation instructions we received from you. Premium Allocation On or After the Free Look Transfer Date — Any Net Premium we receive on or after the Free Look Transfer Date will be allocated to the Investment Options according to the most recent premium allocation instructions we received from you. Premium Processing — We deduct the Premium Load at the time we receive the premium payment. We will credit the resulting Net Premium to the Accumulated Value.
Sample 1
AutoNDA by SimpleDocs
Premium Load. A Premium Load may be deducted from the Initial Premium and any additional Premiums. The amount of this charge, how it is determined, and when and how it is collected are described on the Contract Schedule.
Sample 1

Related to Premium Load

  • Premium Pay “Premium Pay” is a special pay rate for working during times that are less desirable, such as weekends, holidays or late shifts. The City will not pay the Consultant Premium Pay.

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

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

  • Premium Rates No recapture will be permitted if the Ceding Company has either obtained or increased stop loss reinsurance coverage as justification for the increase in retention limits.

  • Premium Payments If an employee with at least three years of service in the employ of the Shaker Heights Board of Education should exhaust his/her sick leave within the time specifications of this contract and is granted a leave of absence by the Board, the Board shall continue to pay his/her premiums in accordance with his/her work assignment for the following fringe benefits for a period not to exceed twelve (12) months. The payment of such premiums will cease on the effective date an employee retires, resigns, goes on disability retirement or his/her contract is terminated. 1. PPO medical coverage 2. Prescription drug coverage

  • – PREMIUM & OTHER PAYMENT 16.01 Overtime shall be paid for all paid hours over seven and one-half (7½) hours on a shift or seventy-five (75) hours bi-weekly at the rate of one and one-half (1½) times the employee's regular straight time hourly rate of pay. Overtime is subject to authorization by the Director of Nursing or designate. Authorization shall not be unreasonably withheld. In the event of an emergency, authorization may not be required. 16.02 When an employee is required to work on a paid holiday or on a day for which she is entitled to receive time and one-half (1½) her regular straight time hourly rate and she is required to work additional hours in excess of her normal seven and one-half (7½) hour shift on that day, she shall receive two (2) times her regular straight time hourly rate for such additional hours worked. 16.03 If an employee reports for work at the regularly scheduled time and no work is available, such employee will be paid a minimum of four (4) hours pay at her regular straight time hourly rate, provided the employee has not previously received notification orally or in writing not to report. 16.04 Where call-in is requested within one-half (½) hour of the starting time of the shift and the employee commences work within one (1) hour of the call, then the employee will be paid as if the entire shift had been worked, provided she completes the shift for which she was called in. 16.05 It shall be the responsibility of the employee to consult the posted work schedule. Changes to the posted schedule required by the Employer shall be brought to the attention of the employee. Where less than twenty-four (24) hours' notice is given to the employee personally, the employee will be paid four (4) hours’ straight time wages or six (6) hours’ straight time wages if an extended tour. It is understood that call-ins or call-backs are not covered by this provision. 16.06 If an employee works two consecutive shifts she shall be provided a meal by the Employer, or if a meal cannot be provided she shall receive a meal allowance of five dollars ($5.00).

  • Premium Taxes If premium taxes are incurred, they will be deducted from the contract accumulation, to the extent permitted by law.

  • Premium Recapture With respect to any Mortgage Loan without Prepayment Penalties that prepays in full during the first 90 days following the related Closing Date, and with respect to any Mortgage Loan that is repurchased pursuant to Subsection 9.04, the Seller shall pay the Purchaser, within 30 calendar days after giving notice of such prepayment in full or repurchase, an amount equal to the excess of the Purchase Price Percentage for such Mortgage Loan over par, multiplied by the outstanding principal balance of such Mortgage Loan as of the related Cut-off Date.

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

  • PREMIUM ADJUSTMENT If THE COMPANY overpays a reinsurance premium and THE REINSURER accepts the overpayment, THE REINSURER’s acceptance will not constitute or create a reinsurance liability or increase in any existing reinsurance liability. Instead, THE REINSURER will be liable to THE COMPANY for a credit in the amount of the overpayment. If a reinsured policy terminates, THE REINSURER will refund the excess reinsurance premium. This refund will be on a prorated basis without interest from the date of termination of the policy to the date to which a reinsurance premium has been paid.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!