Insurance rate definition

Insurance rate means the price of insurance for each unit of exposure.
Insurance rate. As to any FHA Loan with respect to which the FHA Insurance Premium is paid by the related Mortgagor as part of the Mortgage Interest Rate, the rate of 1.0% per annum, which is used to calculate the amount to be applied to the payment of the related FHA Insurance Premium.
Insurance rate means the price of insurance per unit of exposure.

Examples of Insurance rate in a sentence

  • The plan will pay an amount equal to the Employment Insurance rate for the two (2) week waiting period prior to the commencement of the Employment Insurance Pregnancy Leave Benefits.

  • If sick credits have been exhausted at the beginning of or during an absence covered by Workplace Safety and Insurance Act, the employee shall be paid the regular Workplace Safety and Insurance rate by and at the discretion of the Workplace Safety and Insurance Act.

  • Insurance rate service organizations have the same rights we have under this provision.

  • The Cost of Insurance on any Monthly Anniversary Day is equal to: "Q" is the Cost of Insurance rate.

  • The Cost of Insurance on any Monthly Anniversary Day is equal to: Q x (R - S) 1000 “Q” is the Cost of Insurance rate shown in Section 2, Monthly Cost of Insurance Rates.

  • At no point shall payments under 16.08 i) exceed the amount of top up available under the twelve (12) month Employment Insurance rate.

  • The adjusted death benefit will be the amount which would have been purchased at the correct Risk Class in consideration of the most recent Cost of Insurance deductions by adjusting the net amount at risk by the ratio of the incorrect Cost of Insurance rate to the correct Cost of Insurance rate.

  • Insurance rate service organiza- tions have the same rights we have under this provi- sion.

  • This represents 7.65% for FICA, .34% for MTA Tax plus a 5% estimated Unemployment Insurance rate.

  • The adjusted death benefit will be the amount which would have been purchased at the correct Issue Age[ or Sex] in consideration of the most recent Cost of Insurance deductions by adjusting the net amount at risk by the ratio of the incorrect Cost of Insurance rate to the correct Cost of Insurance rate.


More Definitions of Insurance rate

Insurance rate. LESSEE shall refrain from doing and shall not permit to be done, anything in or about the premises, and shall not bring or keep anything on the premises that will increase the rate of any insurance covering injuries to person or damage to property.

Related to Insurance rate

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Flood Insurance Rate Map (FIRM) means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • Lender-Paid Mortgage Insurance Rate With respect to any Lender-Paid Mortgage Insurance Loan, a per annum rate equal to the percentage indicated on the Mortgage Loan Schedule under the heading "Lender-Paid Mortgage Insurance Rate."

  • Insurance Fee Rate With respect to each Mortgage Loan insured by an Insurance Policy paid for by the lender, the per annum rate specified in the Mortgage Loan Schedule.

  • Federal Flood Insurance means federally backed Flood Insurance available under the National Flood Insurance Program to owners of real property improvements located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program.