Premiums. The premiums for insurance policies required pursuant to this Article must be paid as a common expense by the Owners' Association.
Premiums. The Employer shall pay one hundred percent (100%) of the premium for the Group Life Insurance Plan.
Premiums. DB Contractor shall be responsible for the cost of insurance required to be provided during the Initial Maintenance Term, which premiums are included in the Maintenance Price for the Initial Maintenance Term. DB Contractor shall bear the full risk of any insurance premium increases from the Effective Date until the end of the Initial Maintenance Term, and shall not be entitled to any Claim for relief for such increases. Solely with respect to insurance policies required to be maintained during subsequent Maintenance Terms under this Section 7 and Exhibit 10, DB Contractor shall be entitled to reimbursement for the costs of insurance premiums, as follows:
7.12.1 Premiums may be included in invoices hereunder only after payment thereof by DB Contractor. Said premiums shall be passed through without any profit or overhead or compensation for any costs incurred by DB Contractor in obtaining insurance in excess of the actual premiums paid therefor.
7.12.2 TxDOT shall be entitled to any return or retrospective premiums with respect to said insurance. DB Contractor shall deliver any such funds to TxDOT within 10 Days following DB Contractor’s receipt thereof.
7.12.3 DB Contractor shall use best efforts to obtain the insurance required hereunder, and renewals thereof, at cost-effective rates. Promptly following a request by TxDOT, or promptly following issuance of the notice to proceed for the applicable Maintenance Term (if not earlier requested), DB Contractor shall obtain competitive quotes for said insurance policies, shall notify TxDOT of the same and shall obtain TxDOT’s approval of said insurance policies before binding coverage. DB Contractor shall accommodate any commercially reasonable changes in providers, coverage or payment terms desired by TxDOT.
7.12.4 DB Contractor shall promptly notify TxDOT if it becomes apparent at any time during the Maintenance Term that required insurance policies are no longer available or if the premiums for renewals materially increase from the prior rates. In such event, DB Contractor shall work with TxDOT to find commercially reasonable alternatives to the required coverages that are acceptable to TxDOT.
Premiums. Premiums for all insurance policies provided for by this Contract shall be paid by Contractor or its Subcontractors.
Premiums. Each Owner will pay every premium on any life insurance policies that he or she is required to maintain under this Article. Further, each Owner will give each other Owner proof of such payment within fifteen days after the date the premium was due. If any Owner fails to provide such proof, any other Owner may pay the premium and be reimbursed for his or her payment by the Owner who failed to provide such proof. All dividends on such policies shall be applied to the payment of premiums.
Premiums. You will receive a monthly bill and payment of premium is due the first day of each month that this agreement is in effect. For example, for coverage effective July 1 through July 31, the premium payment is due July 1.
Premiums. The initial Premium is due on or before the Effective Date of this Agreement. Subsequent Premiums are due on the Premium Due Date. The Premium Due Date is the first day of the month for the period for which the Premium applies. The initial Premium is required to effectuate coverage under this Agreement. If the Subscriber elects an electronic payment, CareFirst BlueChoice will not debit or charge the amount of the Premium due prior to the Premium Due Date, except as authorized by the Subscriber.
Premiums. 16 1. The District shall pay their portion of the employee premium as established by SEBB.
17 2. Employees will be responsible for their portion of the premium.
18 3. Any additional premium surcharges will be paid by the employee.
Premiums. Reinsurance premium rates for life insurance and other benefits reinsured under this Agreement are shown in Exhibit E. The premium rates will be applied to the reinsured net amount at risk and paid by the Company to the Reinsurer.
