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 Rates. HEALTH PLAN’s premium rates are guaranteed for twelve (12) months from the initial enrollment date of the Supplement, which shall be the effective date of the Supplement, and from each subsequent anniversary renewal date thereof. Renewal increases will be based on HEALTH PLAN’s “new business” rates in effect on the anniversary date of the Supplement effective date with GROUP.
Premium Rates. The monthly premium rates during this Extension Term remain unchanged from the Contract.
Premium Rates. 4 F. THE EQUITABLE RESERVE CREDIT............................................4
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. IDSL-NY VUL4/LP Select Treaty 20
Premium Rates a) Premiums payable under this Policy shall be calculated in accordance with the Premium Rate(s) agreed between Policyholder and the Company and specified in the Policy Schedule. The Premiums payable for the Insurance in respect of an Insured Member / employee on the Policy Effective Date / Cover Commencement Date or on the Next Renewal Date shall be ascertained from the Premium Rates as mentioned in the Policy Schedule and the Amount of Insurance in respect of the Insured Member/ employee. If in respect of the Insured Member, the Date of Entry is different (later) to the Policy Effective Date / Cover Commencement Date, proportionate Premiums shall be payable immediately and thereafter the insurance Coverage shall be effective.
b) The Company shall have the right to change the rate(s) at which the Premiums shall be calculated on any Policy Anniversary, provided that the Company notifies the Policyholder at least thirty days in advance of the Policy Anniversary provided the Master Policyholder shares complete and updated member data on which the new rate(s) would take effect. In case of failure of agreement between the Company and the Policyholder in respect of a change in rate(s), notice of termination of the contract of insurance shall be given by the dissenting party before the Policy Anniversary on which such termination shall be effective.
c) Notwithstanding what is stated above, without prejudice to any other provision in this Policy document, the Company shall have the right to change the premium rate(s) at which the premiums are payable, any time during the Policy Year if, as a result of substantial number of addition and deletion of Insured Members into or from the Policy after the Policy Effective Date / Cover Commencement Date, the membership profile of the scheme changes substantially. Alternatively, a separate premium rate(s) may be charged for the Insured Members / employees added to the policy subsequent to the Policy Effective Date.
d) In addition to the premiums at the above rates, Service Tax and other related Taxes will be charged separately at the time of payment of premium at the prevailing tax rates.
Premium Rates. 2.5.1 There shall be no pyramiding of premium rates.
Premium Rates. All work performed between midnight and 8:00 a.m., on Sundays, and on the following holidays shall be paid for at two (2) times basic scale: New Year’s Day, Family Day, Good Friday, Victoria Day, St. Xxxx Xxxxxxxx, Canada Day, Labour Day, Thanksgiving Day, and Christmas Day, and Boxing Day. With respect to the above, holidays will be observed on the date recommended by the Government of Canada.
Premium Rates. The daily starting and quitting time shall be arranged at the discretion of the immediate supervisor subject to review of the Superintendent of Schools. Authorized work in excess of forty (40) hours per week shall be paid at one and one-half (1 1/2) times the regular hourly rate or compensatory time given at the same rate.
Premium Rates. The Ceding Company agrees to provide Reinsurer with sixty (60) days advance notice of its intent to increase cost of insurance rates charged for new or existing business. Nothing herein shall be construed to limit the Ceding Company's ability to change cost of insurance rates in its own discretion. For reinsurance of new business, Reinsurer reserves the right to change reinsurance premium rates after ninety (90) days written notice is provided to the Ceding Company. For reinsurance on existing business, Reinsurer agrees that it may increase reinsurance premium rates as shown in Exhibit D, or any agreed upon amendment thereto, only as provided for in the next paragraph. [terms of rate guarantee redacted] IDSL VUL4/LP Select Treaty 7 [terms of rate guarantee redacted] In any event, the maximum reinsurance premium rates which may be charged by the Reinsurer shall be the statutory valuation premiums for yearly renewable term insurance at the maximum interest rates and minimum mortality rates for each year of issue as prescribed by law. IDSL VUL4/LP Select Treaty 8
