Aggregate Premium definition

Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements. Application means the Employer enrollment form. It serves as the signature page of this Policy. Certificate means the document that contains the eligibility and termination conditions, as well as the benefits, limitations, and exclusions that apply to the Member’s coverage under the Policy. Coverage means the Medically Necessary covered services paid for, arranged, or authorized for the Member by the Insurance Company under the terms and conditions of the Certificate. Employer means the sponsor of this group insurance plan or any subsidiary or affiliate described in this Policy. An employer must employ at least one common-law employee. A business owner and his or her spouse are not considered common-law employees for this purpose if the entity is considered to be wholly owned by one individual or one individual and his or her spouse. Employer Enrollment Form means the Group’s application for Coverage. Group means the legal entity identified as the “Group” on the face page of the Policy. The Group is the employer and policyholder.
Sample 1Sample 2Sample 3
Aggregate Premium means the Premium required for all Members. Aggregate Premiums are shown on all Premium Statements.
Sample 1Sample 2
Aggregate Premium for any year means the aggregate direct written premium, less return premium, written under the Good Xxx, Good Xxx Referral, Coast to Coast, Rider, and Golf Card Insurance program agreements for such year.
Sample 1Sample 2

Examples of Aggregate Premium in a sentence

  • If the Aggregate Premium is paid after the Grace Period, the Insurance Company’s acceptance or depositing of such funds shall not be construed to mean or equate to a guarantee of or acquiescence to reinstate the Policy, continue Coverage, or waive termination of of the Policy by the Insurance Company.

  • If this Policy is terminated and the Group requests reinstatement, the Group must remit: (1) the total outstanding Aggregate Premium; (2) the applicable finance charge or fee; and (3) the Aggregate Premium for the current billing period.

  • The Insurance Company reserves the right to decline to reinstate this Policy, however, upon refunding the Aggregate Premium for the current billing period to the Group.

  • The Aggregate Premium is due in full at the Insurance Company’s office on or before the first day of each billing period.

  • The Group must pay the Aggregate Premium for anyone Covered or added during the billing period.

  • Payment of the applicable Aggregate Premium on or after that date shall constitute acceptance of those changes by the Group, individually and on behalf of all Members.

  • If the payment received does not pay the Aggregate Premium, plus any other due charges in full, the Insurance Company has the discretionary authority to terminate the Policy, or place an administrative hold on the payment of Policy benefits.

  • If the Insurance Company does not receive payment of any Aggregate Premium, when due, the Insurance Company may terminate this Policy in accordance with section D of this Agreement.

  • The Aggregate Premium may be paid to the Insurance Company during that Grace Period without causing termination of the Policy.

  • The Insurance Company will prepare and submit a monthly Premium statement (“Statement”) to the Group, listing: (1) Subscribers shown on its records; (2) type of Coverage selected by each Subscriber (e.g., individual, family, etc.); and (3) the Aggregate Premium payable to the Insurance Company for providing Coverage for all Members for the next billing period.

Related to Aggregate Premium

  • Aggregate Principal Amount means, as of any date of calculation, the principal amount or Accreted Value of the Bonds referred to.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Aggregate Debt Service means, with respect to any particular period of time, the sum of (a) the Debt Service, (b) the Mortgage Debt Service and (c) the Other Mezzanine Debt Service.

  • Aggregate Debt means the sum of the following as of the date of determination: (1) the lesser of (A) the then outstanding aggregate principal amount of the Indebtedness of the Company and its Domestic Restricted Subsidiaries incurred after the Issue Date and secured by Liens not permitted under Section 4.09(a) and (B) the fair market value of the assets subject to the Liens referred to in clause (A), as determined in good faith by the Board of Directors; (2) the then outstanding aggregate principal amount of all consolidated Indebtedness of the Company and its Domestic Restricted Subsidiaries that constitutes Subsidiary Debt incurred after the Issue Date and not permitted under Section 4.07(b); provided, that any such Subsidiary Debt will be excluded from this clause (2) to the extent that such Subsidiary Debt is included in clause (1) or (3) of this definition; and (3) the then existing Attributable Liens of the Company and its Domestic Restricted Subsidiaries in respect of sale and lease-back transactions entered into after the Issue Date pursuant to Section 4.08(b); provided, that any such Attributable Liens will be excluded from this clause (3) to the extent that such Indebtedness relating thereto is included in clause (1) or (2) of this definition. For the avoidance of doubt, in no event will the amount of Indebtedness (including Guarantees of such Indebtedness) be required to be included in the calculation of Aggregate Debt more than once despite the fact that more than one Person is liable with respect to such Indebtedness and despite the fact that such Indebtedness is secured by the assets of more than one Person.

  • Aggregate Purchase Price has the meaning set forth in Section 1.1.

  • Aggregate Amount means the aggregate amount by which the resolution authority has assessed that eligible liabilities are to be written down or converted, in accordance with Article 46(1);

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of: