Common use of Tolerance for Insurable Hives Clause in Contracts

Tolerance for Insurable Hives. ‌ a. AFSC will insure all Insurable Hives, subject to the following limits: i. When the number of Hives determined during fall acceptance inspection is greater than 120 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be capped at 120 percent of the number of Hives declared on the Election of Hives. ii. When the number of Hives determined during fall acceptance inspection is less than 80 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be based on the actual number of Insurable Hives, subject to a penalty on over-declared Xxxxx. 1) If the Hives accepted for Coverage are less than 80 percent of the declared Hives in Article 2, subsection 2.05 (e), the Insured will be subject to a penalty based on the following formula: (80% of declared Hives – accepted Insurable Hives) x (average Premium per Hive for the Insurable Hives)

Tolerance for Insurable Hives. ‌ a. ‌ AFSC will insure all Insurable Hives, subject to the following limits: i. a. When the number of Hives determined during fall acceptance inspection is greater than 120 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be capped at 120 percent of the number of Hives declared on the Election of Hives. ii. b. When the number of Hives determined during fall acceptance inspection is less than 80 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be based on the actual number of Insurable Hives, subject to a penalty on over-declared Xxxxx. 1) i. If the Hives accepted for Coverage are less than 80 percent of the declared Hives in Article 2, subsection 2.05 (e), the Insured will be subject to a penalty based on the following formula: (80% of declared Hives – accepted Insurable Hives) x (average Premium per Hive for the Insurable Hives)subsection

Tolerance for Insurable Hives. ‌ a. AFSC will insure all Insurable Hives, subject to the following limits: i. When a. when the number of Hives determined during fall acceptance inspection is greater than 120 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be capped at 120 percent of the number of Hives declared on the Election of Hives. ii. When b. when the number of Hives determined during fall acceptance inspection is less than 80 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be based on the actual number of Insurable Hives, subject to a penalty on over-declared Xxxxxhives. 1i) If if the Hives accepted for insurance Coverage are less than 80 percent of the declared Hives in Article 2, subsection 2.05 (e), 3a) the Insured will be subject to a penalty based on the following formula: (80% of declared Hives – accepted Insurable Hives) x (average Premium per Hive for the Insurable Hives).

Tolerance for Insurable Hives. ‌ a. ‌ AFSC will insure all Insurable Hives, subject to the following limits: i. a. When the number of Hives determined during fall acceptance inspection is greater than 120 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be capped at 120 percent of the number of Hives declared on the Election of Hives. ii. b. When the number of Hives determined during fall acceptance inspection is less than 80 percent of that declared on the Election of Hives, the Insured’s Coverage and Premium will be based on the actual number of Insurable Hives, subject to a penalty on over-declared XxxxxHives. 1) i. If the Hives accepted for insurance Coverage are less than 80 percent of the declared Hives in Article 2, subsection (2.05 (e), the Insured will be subject to a penalty based on the following formula: (80% of declared Hives – accepted Insurable Hives) x (average Premium per Hive for the Insurable Hives).