Excess premium definition

Excess premium means the amount by which a contract premium in the first policy year exceeds the contract premium in the 2nd policy year.
Sample 1Sample 2Sample 3
Excess premium means a premium which is received by, or which becomes due to, a long-term insurer during a premium period, and which -
Sample 1Sample 2Sample 3
Excess premium means premium paid in any policy year in excess of basic or target premium.
Sample 1Sample 2Sample 3

Examples of Excess premium in a sentence

  • Referral Contracts appearing in the Insured Operations in the Schedule shall be automatically covered if specified as an Endorsed Referral Contract in the Schedule, subject to any agreed alteration in this Policy’s Excess, premium or other terms.

  • We would ask that you log into your My LAWPRO account at lawpro.ca to enter your credit card details for your Excess premium.

  • C maximum.2.11.21Universal plaster attains early strength during the drying process and the plaster work does not suffer from inherent shrinkage cracks.

  • Excess premium payment amounts paid will be refunded prorated to the day coverage was terminated.

  • As we discuss in this paper, FOSS is proving to be a useful tool for solving the conflicting requirements inherent in large military telecom system designs.

  • Obtain this information from your insurance agent to make certain the rate is current.Estimated Payroll/ReceiptsFill in payroll and/or gross receipt amounts projected for work you will perform for each General Liability classification code.PremiumTotal primary premium(s).Total General Liability PremiumsTotal premium(s) for each classification.B. Umbrella/Excess CostIf applicable, fill in your Umbrella / Excess premium based onexposures associated with this Project.C. SubtotalSubtotal A + B + C aboveD.

  • For 2018, Other items also include Excess premium paid related to buyback of NOK bond and USD Convertible bond.

  • Shortly after, he obtained his Master’s Degree from the University of Denver and advanced professionally becoming first a math coach, leading school wide implementation of data-driven instruction that was recognized by the state for the resulting achievement gains, and then becoming the school’s assistant principal.

  • Endorsement Effective:Named Insured:Policy No. IT IS AGREED that the Policy is hereby amended as follows:In consideration for the assessment of the No Laser Rate Cap (NLRC) premium factor adjustment applied to the Specific Excess premium rates, we agree that at the time of renewal of your Policy with us for the next Policy Period, your Policy will not contain any additional Persons with Specific Excess Retentions, as listed in the Schedule.

  • Excess premium received during an accounting period 150will retain with the fund and any shortage of fund will be addressed by the 151government from the general taxation revenue.


More Definitions of Excess premium

Excess premium is the premium credited to a Flexible Premium policy in the first year that is greater than New premium.
Sample 1Sample 2Sample 3
Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit. Compensation payable for sales of Travelers Corporate Variable Life will be as follows: -------------------------------------------------------------------------------------------- Excess Up To Excess Above Commission on New Target Renewal Years Renewal Years TAMRX Xxxmium TAMRX Xxxmium Assets Premium 2-4 5-7 Years 1-7 Years 1-7 Years 8-20 -------------------------------------------------------------------------------------------- 15% 10% 4.5% 3.5% 2% 0.20% -------------------------------------------------------------------------------------------- Commission paid on all premiums years 8+: 0% Compensation payable for sales of Travelers Corporate Variable Life 2000 and Corporate Variable Life 2000 Enhanced will be as follows: ---------------------------------------------------------------------------------------------- Excess Commission Commission Commission Renewal Renewal Premium on Assets on Assets on Assets New Target Premium Yrs 2-4 Yrs 5-7 Yrs 1-7 Yrs. 8-15 Yrs 16-25 Yrs 26 + ---------------------------------------------------------------------------------------------- 18% 10% 4.5% 3.5% 0.20% 0.10% 0.05% ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Bonus Production Level ---------------------------------------------------------------------------------------------- 0-9,999,999 0% ---------------------------------------------------------------------------------------------- 10,000,000+ 0% ---------------------------------------------------------------------------------------------- Bonus commission will be retroactive to the first dollar of paid target premium only. Production levels will be measured on a calendar year for the purpose of qualifying for the bonus. Commission will be paid consistent with applicable law. The Travelers Insurance Company Mark X. Xxxxxx, XXA, MAAA Date Vice President
Sample 1
Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit for business issued and paid in 1999-2000. -------------------------------------------------------------------------------------------------------------------------------- Excess Up To Excess Above Commission on New Target Renewal Years Renewal Years TAMRX Xxxmium TAMRX Xxxmium Assets Years 8- Premium 2-4 5-7 Years 1-7 Years 1-7 20 -------------------------------------------------------------------------------------------------------------------------------- 15% 10% 4.5% 3.5% 2% 0.20% -------------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------- Bonus Production Level -------------------------------------------------------------------------------------------------------------------------------- 0-4,999,999 0% -------------------------------------------------------------------------------------------------------------------------------- 5,000,000-9,999,999 2% -------------------------------------------------------------------------------------------------------------------------------- 10,000,000-24,999,999 3% -------------------------------------------------------------------------------------------------------------------------------- 25,000,000-49,999,999 5% -------------------------------------------------------------------------------------------------------------------------------- 50,000,000+ 6% -------------------------------------------------------------------------------------------------------------------------------- Commission paid on all premiums years 8+: 0% Bonus commission will be retroactive to the first dollar of paid target premium only. Production levels will be measured from 1999 through 2000 year end for the purposes of qualifying for a bonus. This bonus only applies to production through the end of the year 2000.
Sample 1
Excess premium means the premium paid to Travelers Corporate Variable Universal Life that is above the target premium in any year. "PRODUCTION LEVEL" is measured by the amount of premiums paid to a maximum of the 7-Pay premium associated with the full initial death benefit for business issued and paid in 1999-2000.
Sample 1

Related to Excess premium

  • Excess Proceeds With respect to any Liquidated Mortgage Loan, the amount, if any, by which the sum of any Liquidation Proceeds of such Mortgage Loan received in the calendar month in which such Mortgage Loan became a Liquidated Mortgage Loan, net of any amounts previously reimbursed to the Servicer as Nonrecoverable Advance(s) with respect to such Mortgage Loan pursuant to Section 3.11(a)(iii), exceeds (i) the unpaid principal balance of such Liquidated Mortgage Loan as of the Due Date in the month in which such Mortgage Loan became a Liquidated Mortgage Loan plus (ii) accrued interest at the Mortgage Interest Rate from the Due Date as to which interest was last paid or for which a Periodic Advance was made (and not reimbursed) up to the Due Date applicable to the Distribution Date immediately following the calendar month during which such liquidation occurred.

  • 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.

  • 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.

  • Net Finance Charges means, for the Reference Period, the Finance Charges according to the latest Financial Report(s), after deducting any interest payable for that Reference Period to any member of the Group and any interest income relating to cash or cash equivalent investment.

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