Average Premium definition

Average Premium means the average gross premium charged to CTP policyholders. It consists of the Average Risk Premium: plus allowances for commissions, expenses, reinsurance premiums and Reinsurance Recoveries, profit margins, and discounting of these allowances. When the Average Premium is multiplied by the number of policies written, it is equal to the aggregate premiums which are the subject of the Fully Funded Premium test of section 27(8) of MACA.
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Examples of Average Premium in a sentence

  • Seller shall deliver to Purchaser on the date of the calculation of the Average Premium Based Deposit Balance and on the Closing Date, a complete list of all relevant account information in electronic format reasonably acceptable to Purchaser of all Assumed Deposits, as of such dates, including those used to calculate the Average Premium Based Deposit Balance and the full account number, name, address and tax identification number of the applicable Deposit holder.

  • Production Report - Distribution of Premiums by Issue Age* and Risk Classification Distribution of Face Amount by Issue Age* and Risk Classification Average Premium per policy by Issue Age* and Risk Classification Reserve Reports - Statutory Reserves** Tax Reserves Accumulated Values The contracting companies will work together in good faith to produce the data needed for reporting on the payments required by the Agreement, reporting to third party reinsurers, and other reporting and tracking needs.

  • X Average Premium per Month X 25 Years of Service = $ 67.50 1.6% X Average Premium per Month X 5 Years of Service = $ 14.40 $ 81.90 Basic Weekly Pay: See Section 6 (a), (ii), (iii), (iv).

  • Provide a summary description of the proposed project, including type of development, number of buildings, and other proposed site improvements such as parking, water quality/detention ponds, landscaping, etc.

  • C-o-C² 14.45% 14.45% 14.30% 13.29% 13.29% Unleveraged IRR 18.80% 18.80% 18.64% 17.59% 17.59% Partnership IRR 25.99% 25.99% 25.64% 23.29% 23.29% Hillsdale Apartments (Lennox) Renovation Summary Topeka, KS Units to be Renovated 66 units Renovations Start Jan-19 % of Property 70% Renovations End Dec-20 Return on Investment 40.00% Renovation Period 24 months Average Premium $ 50 / unit Avg.

  • A second shift employee completes the probationary period and is assigned a starting average of the "Average Premium Hours" of the second shift (200 hours).

  • Such Asset change may result in a different Average Premium Requirement and/or Notional Value.

Related to Average Premium

  • Auction Premium means the difference between the clearing price and the reserve price in an auction;

  • Single Premium means the amount payable by the Policyholder at the Policy Commencement Date, as per the amount specified in the Schedule.

  • Average Price means the average closing price of a share of the Substitute Common Stock for the one year immediately preceding the consolidation, merger or sale in question, but in no event higher than the closing price of the shares of Substitute Common Stock on the day preceding such consolidation, merger or sale; provided that if Issuer is the issuer of the Substitute Option, the Average Price shall be computed with respect to a share of common stock issued by the person merging into Issuer or by any company which controls or is controlled by such person, as the Holder may elect.

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

  • 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.