Full Annual Premium definition

Full Annual Premium means the premium level in effect immediately prior to termination of coverage.

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Full Annual Premium means the amount set forth in ITEM 6 above including any premium adjustments made during the Policy Period.

Full Annual Premium means the annual premium level in effect immediately prior to the end of the

Examples of Full Annual Premium in a sentence

• Period not exceeding Proportion of Annual Premium Payable Three Months Four Months Five Months Six Months Seven Months Eight Months or above 40% 50% 60% 70% 80% Full Annual Premium Payable Data Protection: Personal information Information notices Minimisation and notification Motor Insurance Database: Your policy details will be added to the Motor Insurance Database ("MID") managed by the Motor Insurers' Bureau ("MIB").

• Period (Not exceeding) Rate 1 Month 25% of the Annual rate 2 Months 35% of the Annual rate 3 Months 50% of the Annual rate 4 Months 60% of the Annual rate 6 Months 75% of the Annual rate 8 Months 85% of the Annual rate Exceeding 8 Months Full Annual Premium Except as otherwise provided in this endorsement, all terms, provisions and conditions of this Policy shall have full force and effect.

• If the Named Fund Manager refuses to renew this policy, then the Named Fund Manager shall have the right, upon payment of an additional premium of 75 per cent of the Full Annual Premium to a Discovery Period of 12 months following the effective date of non-renewal.

• Full Annual Premium In case of any claim under the Policy no refund of premium shall be allowed.

• If the Named Fund Manager refuses to renew this policy or the Insurer refuses to offer any terms or conditions to renew this policy, then the Named Fund Manager shall have the right, upon payment of an additional premium of 75 per cent of the Full Annual Premium to a Discovery Period of 12 months following the effective date of non-renewal.

• If the Insurer refuses to offer any terms or conditions to renew this policy, then the Named Fund Manager shall have the right upon payment of an additional premium of 75 percent of the Full Annual Premium to a Discovery Period of 12 months following the effective date of non-renewal.

More Definitions of Full Annual Premium

Full Annual Premium means the annual premium payable by the Named Union, including any additional premium which becomes payable in respect of the Policy Period.

Full Annual Premium means the annual premium payable by You, including any additional insurance premium which becomes payable immediately prior to the expiry of the Period of Insurance. Company and relied upon by investors or vendors in establishing the financial standing and credit worthiness of the Company.

Full Annual Premium means the annual premium payable by the Policyholder, including any additional premium which becomes payable immediately prior to the expiry of the Policy Period in question. The application to elect any Discovery Period must be received by the Insurer within 30 calendar days from the expiry of the Policy Period, and payment of the premium, if applicable, must be made within 30 days of the same date (such premium being non-refundable). For the avoidance of doubt, any time delay between the expiry of the Policy Period and the election of any Discovery Period shall be part of and not in addition to the Discovery Period elected. If a Merger takes place, the Policyholder shall not be entitled to purchase a Discovery Period on the terms set out above. The Policyholder within 15 days of the expiry of the Policy Period may request a quote from the Insurer of a Discovery Period. The Insurer shall consider such request and may, at its absolute discretion, offer a Discovery Period on such terms as the Insurer may reasonably consider appropriate. During the 30 day application period referred to above and during any Discovery Period and without prejudice to Claims Condition A.2., the Insured Persons and the Policyholder may continue to notify Claims to the Insurer but only in respect of Wrongful Acts committed prior to the expiry of the Policy Period.

Full Annual Premium means the premium level in effect immediately prior to the end of the Policy Period. Notwithstanding the first paragraph of Clause 5, if the Named Entity shall cancel or the Insurer or the Named Entity shall refuse to renew this policy, then the Named Entity shall also have the right, to request an offer from the Insurer of a Discovery Period (with respect to Wrongful Acts occurring prior to the end of the Policy Period) with an aggregate limit of liability applicable to Claims made against the Insured during such Discovery Period which is in addition to, and not part of, the applicable Limit of Liability set forth in Item 3 of the Declarations. The Insurer shall quote such a Discovery Period pursuant to such terms, conditions, exclusions and additional premium as it deems appropriate in its sole and absolute discretion. In the event of a Transaction as defined in Clause 12(a), the Named Entity shall have the right to request an offer from the Insurer of a Discovery Period (with respect to Wrongful Acts occurring prior to the effective time of the Transaction). The Insurer shall offer such Discovery Period pursuant to such terms, conditions, exclusions and additional premium as the Insurer may reasonably decide. In the event of a Transaction, the right to a Discovery Period shall not otherwise exist except as indicated in this paragraph. The Discovery Period is not cancelable and the additional premium charged shall be fully earned at inception. This Clause 10 shall not apply to any cancellation resulting from non-payment of premium. The rights contained in this Clause 10 shall terminate unless written notice of election of a Discovery Period together with any additional premium due is received by the Insurer no later than thirty (30) days subsequent to the effective date of the cancellation, nonrenewal or Transaction.