Refund of Unearned Premium Sample Clauses

Refund of Unearned Premium. In event of termination by the CEDING COMPANY of any reinsurance on which a premium has been paid to the REINSURER covering the risk beyond the date of such termination, the REINSURER shall return the unearned premium (not the policy fee, if any) to the CEDING COMPANY.
Sample 1
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Refund of Unearned Premium. Any unearned premium resulting from any cancellation or termination of coverage on specific Covered Equipment will be returned to the Member. The premium earned will be based on the percentage of the term for which coverage has been provided under this Policy, with the percentage determined by the number of months coverage was in effect divided by the total number of months in the coverage term.
Sample 1
Refund of Unearned Premium. If this policy terminates due to death, We will refund, on a pro-rata basis, the portion of any premiums paid which were applied to periods following the date of Your death.
Sample 1
Refund of Unearned Premium. If Your policy terminates due to death, We will refund, on a pro-rata basis, the portion of any premiums paid which were applied to periods following the date of Your death. Monthly Benefit Payment. We will pay the Monthly Benefit if You are Totally Disabled and the Elimination Period has been satisfied. We will only pay Monthly Benefits while You are Totally Disabled or to the end of the Maximum Benefit Period, whichever is first. Monthly Benefits will be paid for only one of two or more Concurrent Total Disabilities. A Total Disability from the same Sickness or Injury is subject to one Maximum Benefit Period. We will not pay for both Sickness and Injury for the same period of Total Disability. If You receive social insurance benefits, We will reduce the Monthly Benefit, up to 50%, by the amount of the social insurance benefits You receive. Social insurance benefits are: - Social Security Disability Benefit; - Workers' Compensation; - Government Retirement and Disability Fund Benefit; and
Sample 1

Related to Refund of Unearned Premium

  • REINSURANCE PREMIUM The YRT Reinsurance Premium for each coverage shall equal (i) x (ii) x (iii) / 1,000, where:

  • 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.

  • Shift Premium Full-Time and Part-Time Employees shall be paid a shift premium of one dollar ($1.00) per hour for all hours worked where the majority of their scheduled hours fall between 1500 and 0700 hours.

  • Weekend Premium An employee shall be paid a weekend premium of one dollar and forty-five cents ($1.45) per hour for each hour worked between 2400 hours Friday to 2400 hours Sunday or such other 48 hour period that the Hospital may establish. If an employee is in receipt of premium payment pursuant to a local scheduling regulation with respect to consecutive weekends worked, he will not receive weekend premium under this provision. Effective June 28, 2005, the weekend premium shall be increased to $1.55 per hour.

  • Night Shift Premium All hours worked by an employee between ten (10:00) p.m. and seven (7:00) a.m. shall be considered as shift work and paid for at the applicable straight time/overtime rate plus two ($2.00) dollars per hour shift premium for each full hour worked during this period. Night-shift premium shall not be added to the employee’s hourly rate of pay for the purpose of computing overtime pay.

  • 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.

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

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

  • 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

  • Payment of Reinsurance Premiums For automatic and facultative reinsurance, following the close of each calendar month, the Ceding Company will send the Reinsurer a statement and a listing of new business, changes and terminations. If a net reinsurance premium balance is payable to the Reinsurer, the Ceding Company will forward this balance within (60) sixty days after the close of each month. If a net reinsurance premium balance is payable to the Ceding Company, the balance due will be subtracted from the reinsurance premium payable by Ceding Company for the current month. The Reinsurer shall pay any remaining balance due the Ceding Company sixty days after the Ceding Company submits the statement.

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