Basic Insurance Rate definition

Basic Insurance Rate means the charge specified on the Basic Insurance Rate Schedule (Schedule One).
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Examples of Basic Insurance Rate in a sentence

  • The charge for such policy shall not be less than the minimum Basic Insurance Rate.

  • Extended Coverage Owner’s Policy: For a policy without all of the Standard Coverage Exceptions in Schedule B, 165% of the Basic Insurance Rate for amounts of insurance up to $5,000,000.00 and 150% of the Basic Insurance Rate for amounts of insurance above $5,000,000.00; otherwise 100% of the Basic Insurance Rate plus the charge applicable under Section 5.001 for a policy issued without one or more of the Standard Coverage Exceptions in Schedule B.

  • Simultaneous with Standard Coverage Owner’s Policy - $100.00, plus 100% of the Basic Insurance Rate applicable to the amount of insurance under the Loan Policy which exceeds the owner’s policy.

  • Simultaneous with Standard Coverage Owner’s Policy - $100.00, plus 30% of the Basic Insurance Rate for the amount of each Loan Policy for a one to four family residential property; for any other property 25% of the Basic Insurance Rate for the amount of each Loan Policy.

  • For the elimination or modification of Standard Coverage Exception No. 1, 5% of the Basic Insurance Rate for amounts of insurance up to $5,000,000.00 and 4% of the Basic Insurance Rate for amounts of insurance above $5,000,000.

  • In no event shall the charge be less than the minimum policy charge provided for on the Basic Insurance Rate Schedule.

  • For the elimination or modification of Standard Coverage Exception No. 5, 25% of the Basic Insurance Rate for amounts of insurance up to $5,000,000.00 and 20% of the Basic Insurance Rate for amounts of insurance above $5,000,000.

  • For the elimination or modification of Standard Coverage Exception No. 3, 5% of the Basic Insurance Rate for amounts of insurance up to $5,000,000.00 and 3% of the Basic Insurance Rate for amounts of insurance above $5,000,000.

  • The charge for this endorsement is 20% of the Basic Insurance Rate for an owner’s policy and 10% of the Basic Insurance Rate for a Loan Policy, minimum charge $100.00, maximum charge $1,000.00.

  • For the elimination or modification of Standard Coverage Exception No. 4, 10% of the Basic Insurance Rate for amounts of insurance up to $5,000,000.00 and 8% of the Basic Insurance Rate for amounts of insurance above $5,000,000.

Related to Basic Insurance Rate

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.

  • Insurance Amount has the meaning set forth in Section 6.08(c).

  • 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.

  • Insurance Add-On Amount means the premium charged to the Obligor in the event that the Servicer obtains Force-Placed Insurance pursuant to Section 4.4.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • insurance period means a contribution period or an equivalent period;

  • Type of insurance means coverage afforded under the particular policy that is being placed.

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Insurance score means a number or rating that is derived from an algorithm, computer application, model, or other process that is based in whole or in part on credit information for the purposes of predicting the future insurance loss exposure of a consumer.

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Insurance adjuster means a person who directs or conducts the investigation, negotiation, or settlement of a claim under an insurance policy other than life insurance or an annuity, on behalf of an insurer, policyholder, or a claimant under an insurance policy.

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Guaranteed automobile protection insurance means insurance offered in

  • 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.

  • Credit unemployment insurance means insurance:

  • Mortgage Impairment Insurance Policy A mortgage impairment or blanket hazard insurance policy as described in Section 4.11.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Support Cost Rate means the flat rate at which the Partner will be reimbursed by UN Women for its Support Costs, as set forth in the Partner Project Document and not exceeding a rate of 8% or the rate set forth in the Donor Specific Conditions, if that is lower. The flat rate is calculated on the eligible Direct Costs.

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Reimbursement insurance policy means a policy of insurance

  • Special Flood Hazard Area (SFHA means the land in the floodplain subject to a one percent (1%) or greater chance of being flooded in any given year, as determined in Article 3, Section B of this ordinance.