RENEWAL PREMIUM. The premium to continue the policy under the Renewal Option will be different from the premium shown on the Policy Data page. It will be based on the rate in effect for all policies with like benefits insuring the same age and Risk Class as of the Termination Date. We can change the premium rates at any time, but only if we change it for everyone who: • has this policy form; and • has like benefits; and • is your age; and • is in your Risk Class. We will refund to the Owner any premium paid after the Termination Date, unless the policy is in force under the Renewal Option. Payment or receipt of any premium after the policy ends for any reason will not continue it in force, unless the policy is being continued under the Renewal Option.
RENEWAL PREMIUM. The renewal reinsurance premiums for reinsurance under this Agreement, payable to the Reinsurer, shall be calculated on the basis of the premium rates in Exhibit II, less the discounts shown in Exhibit I.
RENEWAL PREMIUM. ANICO agrees to pay to the Insurer Renewal Premiums in such amounts as may be determined by the Insurer. It is under- stood and agreed that the timely payment of such Renewal Premiums shall be a condition precedent to the renewal of the Excess Benefit Plan for each subsequent Benefit Year. The Insurer will provide Notice to ANICO of the amount of such Renewal Premiums, and all such Renewal Premiums shall be due as of the date of the Notice.
RENEWAL PREMIUM. The premium to continue the policy under the Renewal Option will be different from the premium shown on the Policy Data page. It will be based on the rate in effect for all policies with like benefits insuring the same age and Risk Class as of the Termination Date. We can change the premium rates at any time, but only if we change it for everyone who: has this policy form; and has like benefits; and is your age; and is in your Risk Class. We will refund to the Owner any premium paid after the Termination Date, unless the policy is in force under the Renewal Option. Payment or receipt of any premium after the policy ends for any reason will not continue it in force, unless the policy is being continued under the Renewal Option. END OF RENEWAL OPTION This Option and policy, and all coverage, will end on the earliest of the following: the date you cease being actively and regularly employed at least 30 hours per week, unless you are Disabled on that date under the policy terms; the date you Recover from a Disability covered under this Option; the date benefits have been paid through the Maximum Benefit Period; or the date the policy and this Option end under the Policy Termination provision.
RENEWAL PREMIUM. As long as the Bond remains in full force and effect (i.e., neither breached (and breach not appealed) nor cancelled), the Undersigned shall also pay an annual renewal premium in the amount of ten percent (10%) of the face amount of the Bond, due and payable in advance of each year and commencing on a date two years following the date of execution of this Agreement, and continuing for each subsequent year thereafter. All such premiums shall be deemed fully earned when due, and no premium refunds and/or prorates will be made. Annual Amount $
