Final Premium definition

Final Premium means the total reinsurance premium except for Reinstatement Premium.
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Final Premium means the aggregate premium owed by all members in each fund year to the Group after adjustments to manual premium due to payroll audits, and after the payment of any discount amounts that may become due.
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Final Premium means the total reinsurance premium for the Original Contract, except for Reinstatement Premium.
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Examples of Final Premium in a sentence

  • If the Final Premium is less than the sum of the previously paid three deposit premium installments, the Reinsurer shall remit the difference to the Company.

  • If the Final Premium for a Layer is less than the deposit premium payable hereunder (including the fourth deposit premium installment), the fourth quarterly deposit premium installment shall be waived, and any amount in excess of the sum of the previously paid three deposit premium installments shall be remitted to the Reinsurer with the Company’s report.

  • Notwithstanding the foregoing, if the Final Premium for a Layer is greater than the deposit premium payable hereunder (including the fourth deposit premium installment), the Company shall remit to the Reinsurer the difference between the Final Premium and the full deposit premium within 45 days after the expiration of this Contract.

  • By April 1, 2022, the Company shall calculate and report the Final Premium in accordance with paragraph A above.

  • All Additional Premium for the audit shall be payable fifteen (15) days after the billing date of the Final Premium Notice.

  • Premiums may be paid to the Company at any time on or before the Final Premium Date shown on page 3.

  • By April 1, 2021, the Company shall calculate and report the Final Premium in accordance with paragraph A above.

  • Any indemnification payments made pursuant to this Agreement shall be treated for tax purposes as an adjustment to the Final Premium, unless otherwise required by applicable Law.

  • A grace period of 61 days will be allowed for the payment of sufficient premium to keep the policy in force if the cash value on a monthly processing date is less than the current Monthly Policy Charge; however, no premium will be accepted after the Final Premium Date shown on page 3.

  • Any Final Premium Reconciliation Amounts owed by either party shall be paid within 90 days of receipt of notice of the Final Premium Reconciliation Amount.


More Definitions of Final Premium

Final Premium means the premium for the insurance afforded under the policies described in Section 1 of PART II and others as may be added by endorsement thereto, upon its final recalculation according to the terms of the policies and this endorsement. Prior to such final recalculation, the premium for such insurance is only the estimated premium.
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Final Premium. (Final Bond Price - 1 Euro) * Number of Bonds Settlement Method: Cash or Physical Settlement at the Counterparty's option The terms are subject to approval of the CAL FP Bank Risk Commission CAL FP Bank Credit Argicole Lazard Financial Products Bank 14.11.2001 -------------------------------------------------------------------------------- Interest Rate: 12 month Euribor +150 bps pa (ACT/360), payable yearly calculated on the Notional Amount. Arranger Fee: 1.125% on the Notional Amount, payable 2 business days after the Initial Averaging Period.
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Final Premium has the meaning specified in Section 3.2(a)(2).
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Final Premium means the total reinsurance premium, net of brokerage fees, except for Reinstatement Premium.
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Related to Final Premium

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

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

  • 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.

  • 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.

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

  • Net earned premium means the premiums earned in this State

  • Lease Year means each consecutive twelve-month period beginning with the Commencement Date, except that if the Commencement Date is not the first day of a calendar month, then the first Lease Year shall be the period from the Commencement Date through the final day of the twelve months after the first day of the following month, and each subsequent Lease Year shall be the twelve months following the prior Lease Year.