Appropriate Premium definition

Appropriate Premium means the Annual Premium charged, divided by 12 and multiplied by the number of months required for cover, between the Course Start Date and the expiry of the current Student Visa. This includes any allowance for cover currently provided under the policy wording.
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Examples of Appropriate Premium in a sentence

  • You will need to complete a Family Application form to insure Your Family members and pay the Appropriate Premium to the Educational Institution.In the event a Family or couple premium is paid to Us, the benefits shown in the Schedule of Benefits apply per person up to a maximum of twice the individual amount shown, unless otherwise stated in the Policy Wording, and are shared by the Family or couple in the event ofa claim.

  • You will need to complete a Family Application form to insure Your Family members and pay the Appropriate Premium to the Educational Institution.In the event a Family or couple premium is paid to Us, the benefits shown in the Schedule of Benefits apply per person up to a maximum of twice the individual amount shown, unless otherwise stated in the Policy Wording, and are shared by the Family or couple in the event of a claim.

  • However, before a claim can be accepted under the terms of the policy, you will have to prove your intention to enrol and study at a New Zealand University and pay the required premium. Continuous cover throughout your study years Provided you have paid the Appropriate Premium each successive semester and you are enrolled in a course of study, the insurance will continue uninterrupted. Travel and Transit CoverYou are covered for Transit from your Country of Origin to New Zealand to commence your studies.

  • The Appropriate Premium We have shown that the additional cost of trading equity in listed WoCs is 0.4-1.5% p.a., while the additional cost of trading equity in unlisted WoCs is 0.2-0.7% p.a. Figure 2.1 summarises the premiums for the four WoC bands.

  • Medical Inflation Not Always Determinant Of Appropriate Premium Rates, Insurers Say.

Related to Appropriate Premium

  • 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.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • 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.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

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

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • 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.

  • State premium tax liability means any liability

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Insurance Premiums shall have the meaning set forth in Section 6.1(b) hereof.

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

  • Transfer Premium shall also include, but not be limited to, key money, bonus money or other cash consideration paid by Transferee to Tenant in connection with such Transfer, and any payment in excess of fair market value for services rendered by Tenant to Transferee or for assets, fixtures, inventory, equipment, or furniture transferred by Tenant to Transferee in connection with such Transfer. The determination of the amount of Landlord’s applicable share of the Transfer Premium shall be made on a monthly basis as rent or other consideration is received by Tenant under the Transfer.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Standard Premium means the basic premium for the coverage under this Certified Plan, as charged by the Company to the Policy Holder on an overall Portfolio basis, which may be adjusted in accordance with the Age, gender and/or lifestyle factors of the Insured Person.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

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

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.