Contract premium definition

Contract premium means the gross premium that is required to be paid under a fixed premium policy, including the premium for a rider for which benefits are shown in the illustration.
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Contract premium means the gross premium that is required to
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Examples of Contract premium in a sentence

  • Dealer further agrees to cancel the Service Contract upon Customer's written request, or where applicable, Westlake's written request, and to remit or cause the administrator or underwriter to remit and refund the unearned portion of the Service Contract premium to Westlake, as required by Westlake.

  • For purposes of this Contract, premium for an extended reporting period shall be considered fully earned on the last day of the final period of the Policy to which the extended reporting period applies.

  • For non-payment of Contract premium, written notice shall be 10 days and if cancelled for any other reason written notice shall be 30 days.

  • In the event of cancellation for non- payment of Contract premium, such cancellation will be made in writing to You and the Lienholder (if applicable), not less than ten (10) days notice.

  • LMG’s marketing fees are based on the Contract premium and the Account Value of the Contract.

  • No compensation will be earned or payable until the Issuing Company receives and applies, in its sole discretion, the Contract premium, all delivery requirements are met and the Contract is placed and in force; except as may be provided for in any Annualization Agreement.

  • If the cost of an Employer-sponsored Contract premium increases (or decreases) during a period of coverage and, under the terms of the Contract, Eligible Employees are required to make a corresponding change in their payments, the Plan may, on a reasonable and consistent basis, automatically make a prospective increase (or decrease) in affected Eligible Employees' elective contributions for the Plan.

  • Coverage under the applicable Contract may continue in accordance with the terms of the Contract for the remainder of the Period of Coverage with respect to which the required Contract premium has been paid.

  • Non-payment of Contract premium SAMPLE In the event of cancellation for Fraud or Material Misrepresentation, such cancellation will be made in writing You and the Lienholder (if applicable).

  • So, the state must have alternate resources to create this match for the administrative, planning and TA costs.✓ CDBG funds used for administration must be matched at the time the CDBG funds are drawn.✓ Some States limit UGLGs to a lower percent allowance for program administration or require administration to be a local match.✓ In the 2004, Congress amended HCDA to allow grantees to spend a larger percentage of CDBG dollars on either administrative/planning costs or TA.

Related to Contract premium

  • The Contract Price means the price payable to the Supplier under the Contract for the full and proper performance of its contractual obligations.

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Contract Price means the price payable to the supplier under the contract for the full and proper performance of his contractual obligations.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • 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.

  • 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.

  • 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