Monthly Premium definition

Monthly Premium means the monthly per Subscriber fee due from GROUP for the benefits selected in Section III of the Agreement. The Monthly Premium fee includes: (i) rates for a given Rating Period, as determined by BCBSRI in accordance with the related approved rating formula on file with the Office of the Health Insurance Commissioner of the State of Rhode Island (“OHIC”) and (ii) premium tax as calculated by BCBSRI in accordance with Rhode Island General Law (“RIGL”) §44-17-1(a)(1).

Monthly Premium. The monthly premium payable to the Certificate Insurer pursuant to the Certificate Insurance Policy and the letter agreement dated as of the Closing Date, among the Certificate Insurer and the Depositors.

Monthly Premium. With respect to each Pool, the monthly premium payable to the Certificate Insurer equal to the product of (i) the applicable percentage set forth in the Insurance Agreement and (ii) the applicable then outstanding Pool Principal Balance, rounded to the nearest thousand dollars.

Examples of Monthly Premium in a sentence

• The Insured's obligation to pay Monthly Premium on a Covered Loan ceases on the last day of the month in which such loan becomes a Liquidated Covered Loan.

• For example, the Monthly Premium due for January shall be paid by January 31.

• The initial Monthly Premium due and payable under this Policy shall be calculated as specified on the Declarations Page of this Policy, and the Insured will make its best effort to pay the initial Monthly Premium and each subsequent Monthly Premium by the last day of the month for which it is due.

• The amendment shall be deemed accepted by GROUP upon payment of the applicable Monthly Premium for such Rating Period.

• In consideration of payment of the Monthly Premium, BCBSRI shall provide Health Care Coverage to Enrolled Members for the coverage described in the applicable Subscriber Agreement(s) listed in Section III.

More Definitions of Monthly Premium

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable to cover the Policyholder and/ or his or her spouse and children.

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable for the insurance under this Policy covering the Policyholder and/or his or her spouse and children.

Monthly Premium means the monthly premium shown in the schedule of cover, the first such premium being payable on or before the start date and thereafter payable on a monthly basis;

Monthly Premium means, with respect to a Participant, the amount of the first month’s premium following the Participant’s Involuntary Termination, that the Participant otherwise would be required to pay for the Participant and any of the Participant’s eligible dependents (if applicable), of group medical, dental and vision coverage under the applicable plans maintained by the Company Group, if the Participant were to timely elect continuation coverage thereunder pursuant to COBRA.

Monthly Premium or “Annual Premium” shall mean the monthly or annual premium payable to cover the Insured Person.

Monthly Premium means the monthly premium shown in the schedule and payable by you each month for insurance cover under this policy. The monthly premium may change if you add to or amend the insured products under this policy;

Monthly Premium means the monthly sum payable by you each month for insurance cover under this policy; “mortgage” means the mortgage agreement between you and the lender in relation to which we have agreed to provide insurance cover under this policy;