Examples of Policy Premium in a sentence

If a Policy Premium or required loan repayment (see above) remains unpaid by the end of a 31-day grace period from its due date, the Policy lapses as of the end of the grace period unless a Policy Value Option becomes effective.
The minimum loan repayment amount is the lesser of $100, unless the repayment accompanies a then due Policy Premium, or the then outstanding Policy Debt.
The Basic Scheduled Premiums and any Policy Premium Assessments relating to additional risks identified with respect to the insured and/or any additional benefits acquired by rider to the Policy that are to be paid by a Policyowner will be specified in the Policy issued to such owner.
If no such Policy Premium payment is submitted with the application, the Policy Date is the date when the Policy is issued.
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More Definitions of Policy Premium

Policy Premium means the lump-sum policy premium and all underwriting fees and broker’s commissions payable pursuant to or in connection with obtaining the R&W Insurance Policies.

Policy Premium means all rider fees, mortality and expense fees, and other amounts charged to or deducted from a contractholder’s account in respect of a Reinsured Policy and all revenue sharing payments and other amounts received from funds by the Ceding Company in respect of a Reinsured Policy.

Policy Premium means the original premium and the fully annualized amount of any additional premiums, other than the Extended Reporting Period premium, charged by the Insurer before or during the Policy Period. Policy Year means the period of one year following the effective date of the Policy Period or any subsequent one-year anniversary thereof. As permitted by individual state law, a Policy Year may be extended or reduced by endorsement or by termination of the Policy. Pollutants means any substance exhibiting hazardous characteristics as is or may be defined or identified on any list of hazardous substances issued by the United States Environmental Protection Agency or any state, local or foreign counterpart. Pollutants includes, without limitation, any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals or waste (including materials to be recycled, reconditioned or reclaimed), as well as any air emission, odor, waste water, oil or oil products, infectious or medical waste, asbestos, or asbestos products or any noise. Privacy Event means an act, error or omission by the Insured Entity, by an Insured Person within the scope of such individual’s duties on behalf of the Insured Entity or by someone who the Insured has engaged to provide services pursuant to a written contract and for whom the Insured Entity is legally responsible which, in the reasonable opinion of an Executive, caused, or is reasonably likely to cause, the unauthorized disclosure of Nonpublic Personal Information or Nonpublic Corporate Information. Privacy Event Expenses means all reasonable and necessary fees, costs and expenses incurred by the Insured Entity to directly respond to a Privacy Event.

Policy Premium. For any Distribution Date is the fee payable to the Certificate Insurer in respect of its services as Certificate Insurer that accrues at the Policy Premium Rate on a balance equal to the aggregate Class Certificate Balance of the Class 1-A-3B and Class 2-A-2 Certificates immediately prior to such Distribution Date. The Policy Premium shall be computed on the basis of the actual number of days elapsed over a year of 360 days.

Policy Premium. The premium set forth in the Commitment Letter. Policy Premium Accrual Period: Will be based on a 360-day year consisting of twelve 30-day months.

Policy Premium means the premium described in each Insurance Policy.

Policy Premium definition

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