Basic Premiums definition

Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy, as defined in the Net Amounts At Risk provision of this Exhibit, by the appropriate rate from the set of “2001 VBT S&U ALB gender and smoker distinct” tables included at the end of this Exhibit, subject to the percentages shown below. The Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Non-Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Tobacco 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) Standard NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred Plus NT 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Standard TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + Preferred TB 1 – 10 11 – 20 21 – 30 31 – 40 41 – 50 51 – 60 61 + The Reinsurer shall receive its proportionate share of any extra premiums payable due to additional mortality risk. Table extra premiums are equal to 25% of the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra premiums to the standard basic premium. I414848US-12 (11-01-2011) QT#04028US11 (COLI & BXXx) Supplemental Insurance Rider and Term Rider specified in Exhibit A which are reinsured on a YRT basis, the same basic premium the Company pays the Reinsurer, as developed above, will apply.
Sample 1Sample 2
Basic Premiums. The Company will pay to the Reinsurer a basic premium calculated by multiplying the net amount at risk of the Reinsured Policy by the appropriate rate from the 2001 VBT Select & Ultimate ALB set of rates included at the end of this Exhibit, subject to the percentages shown below. Premiums will be payable on a policy year basis, regardless of the premium payment mode under the original insurance, and the Company will continue to pay the appropriate premium to the Reinsurer as long as the Reinsured Policy is in force. The following percentages will be applied to the reinsurance premiums payable hereunder: Non-Smoker 70% Smoker 86% Table Extra Premiums/Multiple Extra Premiums: Table extra premiums are equal to 25% f the standard basic premium for each assessed table of extra mortality. The Multiple Extra Premium is developed by adding all Table Extra Premiums to the standard basic premium. Any extra premiums payable on account of additional mortality risk will be payable to the Reinsurer.
Sample 1

Examples of Basic Premiums in a sentence

  • Rider Premiums are explicitly charged for in addition to the Basic Premiums, as part of the Total Premium.

  • Basic Premiums are $ 445.50 each Changing on SEP 10, 2018 to $ 2299.00 each ***** END OF SCHEDULE ***** POLICY NO.

  • The Bank reserves the right to make amendments to the GTC E-Banking, to special conditions, respectively terms of use for e- banking services, as well as terms for eventually existing websites at any time.

  • Rider Premiums (including extra Premium, if any) are explicitly charged for in addition to the Basic Premiums, as part of the Total Premium.

  • Conversions will be point in scale using the appropriate rate from the American Family Cost of Insurance rates included in the CD attached at the end of this Exhibit, subject to the percentages included in item 5, Basic Premiums, above.

  • Mr. Tony Lamantia asked about the qualifications needed to sit on the committee.

  • Best of both worlds Basic Premiums enable you to become a disciplined saver and invest in a systematic, methodical way to build wealth.

  • Any notice or request hereunder may be given to the Company or the Purchaser pursuant to Section 5.3 of the Securities Purchase Agreement.

  • If all the due Basic Premiums are paid till date, the Policyholder has an option to make additional Top-Up Premium during the term of the Policy, being not less than an amount as shall be fixed by the Company from time to time.

  • For Members who are eligible for Medicare as primary coverage, Basic Premiums are based on the assumption that Health Plan or its designee will receive Medicare payments for Medicare-covered services provided to Members eligible for benefits under Medicare Part A or Part B (or both).

Related to Basic Premiums

  • Insurance Premiums shall have the meaning set forth in Section 5.1.1(b).

  • Annual Premium means the premium set by Us and payable for cover under this policy for a full academic year.

  • Insurance Expenses means any Insurance Proceeds (i) applied to the repair of the related Leased Vehicle, (ii) released to the related Lessee in accordance with applicable law or the Customary Servicing Practices or (iii) representing other related expenses incurred by the Servicer that are not otherwise included in Liquidation Expenses or Disposition Expenses and recoverable by the Servicer under any applicable Servicer Basic Documents.

  • Insurance Costs means the sums described in paragraph 1.1 of Part 5 of the Schedule;

  • Special Reimbursement Date means, the special payment date established in connection with a Reimbursement under Special Circumstances as described hereunder “Extraordinary Events and Special Circumstances – Reimbursement Under Special Circumstances and Payment”.

  • 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.

  • 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.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Water Charges means service charges in respect of the provision of water.

  • 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

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Monthly Base Rent The monthly rent specified in Section 1.01(8).

  • User Charges means a charge made to airlines by a service provider for the provision of airport, airport environmental, air navigation and aviation security facilities and services.

  • Monthly Charges means a finance carrying charge of one and one-half of one percent (1.5%) and a storage and handling charge of one-half of one percent (0.5%), in each case of the Cost of the Inventory and/or Special Inventory and/or of the fees for the Product affected by the reschedule or cancellation (as applicable) per month until such Inventory and/or Special Inventory and/or Product is returned to the vendor, used to manufacture Product or is otherwise purchased by Customer.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • 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:

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Bond Service Charges means, for any period or payable at any time, the principal of, premium, if any, and interest on the Bonds for that period or payable at that time whether due at maturity or upon redemption, Mandatory Tender or acceleration.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.