Premium Rate Change Clause Samples
A Premium Rate Change clause allows for adjustments to the premium rates specified in an agreement, typically in response to certain triggers or at set intervals. This clause may outline the conditions under which the premium can be increased or decreased, such as changes in risk profile, regulatory requirements, or after a specified review period. Its core function is to provide flexibility for both parties to adapt to changing circumstances, ensuring that the premium remains fair and reflective of current risks or costs.
Premium Rate Change. We may change the premium rates for this policy on the Anniversary Date. We will give the Policyholder at least forty-five (45) days prior written notice of such change. BTA5198
Premium Rate Change. We may change the premium rates for this policy. We will give the Policyholder at least sixty (60) days prior written notice of such change.
Premium Rate Change. Allianz Life of NY may change premium as of the date of any Material Change if Allianz Life of NY notifies the Plan of the change in premium within 30 days of Allianz Life of NY being notified of the Material Change.
Premium Rate Change. We may change the Premium rate whenever this Contract is updated or whenever a change is made to Benefits, eligibility or due to a state and/or federal mandated change. Any change in Premium will not be effective during a Contract Term unless the parties agree in writing, except as required by a state or federal mandated change. If during a Contract Term any new or increased tax, assessment or fee is imposed on the amounts payable to, or by, Us or any immediately preceding contract between the parties, the Premium amount will be increased by the amount of any new or increased tax, assessment or fee by written notice to the Contractholder, and this Contract is thereby modified on the date set forth in the notice. We will provide 45 days advance written notice indicating if Premiums and/or coverage will change.