Premium Adjustment definition

Premium Adjustment means an increase or a decrease of the premium made after the insurance policy start date (including premium refunds) on Insurance Business in force at the valuation date.
Sample 1Sample 2Sample 3
Premium Adjustment is the difference between the Targeted Quarterly Premium in respect of that Basket Index and the actual highest quarterly premium in respect of that hypothetical call option with an exercise price equal to 105% of the closing level of that Basket Index.
Sample 1
Premium Adjustment means either Premium Increase or Premium Refund.
Sample 1

Examples of Premium Adjustment in a sentence

  • If, within six (6) months after the expiry or anniversary date of each policy period, the Insured shall file withthe Insurer a Premium Adjustment Application Form showing, for the policy period, the value of the stock on the last day of each month at each premises as commented upon by the Insured’s Accountant, the actual premium for the policy period shall then be calculated at the rate applying to each premises for the average amount of the total values declared.

  • Any Retrospective Premium Adjustment deficit shall be billed to the Member Entity at the time that particular Policy Year(s) is being reconciled.

  • The New York Construction Classification Premium Adjustment Program provides for a premium credit, for up to one year, for a policy which is experienced rated, satisfies the hourly wage requirement and contains one or more construction classifications.

  • This record shall be supplied to the Insurer within 2 (two) months following expiry of the Period of Insurance to enable the Premium Adjustment to be calculated.

  • But we will not, of course, refund any premium or part of a premium that was or is to be returned in accord with the Premium Adjustment provision in this contract.

  • But the Premium Adjustment provision will not apply to any premium that was not paid because it was waived under this Benefit.

  • Adjustment of Premium Adjustment of premium based upon termination or addition of insured's shall be calculated by us.

  • Distribution of credits or collection of assessments will follow each Program’s funding policy.If a Member Entity has timely withdrawn or been expelled from a Program, any Retrospective Premium Adjustment credit shall remain with PARSAC until all Policy Year(s) in which they participated have been closed and reconciled.

  • The insured's premium is subject to a maximum credit of 50 percent for favorable experience based on the Premium Adjustment Table.Premium reductions are subject to the following conditions: 1 Premium reductions will not increase because of additional favorable experience in later crop years.

  • The telephone recording laws in other states, like federal law, require only one party to be aware of the recording.


More Definitions of Premium Adjustment

Premium Adjustment shall have the meaning set forth ill Section 2.5(d)(iii).
Sample 1
Premium Adjustment means the factor by which the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, is to be multiplied pursuant to Section 218(a). The initial Premium Adjustment shall equal a factor of 1.00625, and each additional Premium Adjustment shall increase such factor by an additional .00625. For greater certainty, and by way of example, two Premium Adjustments would require the Exchange Market Value or the Current Market Value of the Reference Shares attributable to a Debenture, as the case may be, to be multiplied by a factor of 1.0125.
Sample 1
Premium Adjustment is used throughout this document to refer collectively to the Part B Premium subsidy and the Part D prescription drug premium increase under sections 1839(i) and 1860D-13(a)(7) of the Act, respectively.
Sample 1
Premium Adjustment means an increase or a decrease of the premium made after
Sample 1
Premium Adjustment is defined in Schedule 2.4(a).
Sample 1
Premium Adjustment means the difference, positive or negative, of Estimated Premiums with respect to a given Rating Period minus Adjusted Premiums with respect to such Rating Period, determined as of each Calculation Date for such Rating Period. The Premium Adjustment, if negative, is an amount payable by Limited to the Insurer and if positive, an amount payable or creditable to Limited by the Insurer.
Sample 1

Related to Premium Adjustment

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • True-Up Adjustment means any Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Equity Adjustment means the dollar amount resulting by subtracting the Book Value, as of Bank Closing, of all Liabilities Assumed under this Agreement by the Assuming Bank from the purchase price, as determined in accordance with this Agreement, as of Bank Closing, of all Assets acquired under this Agreement by the Assuming Bank, which may be a positive or a negative number.

  • Spread Adjustment means 100 basis points.

  • Purchase Price Adjustment has the meaning set forth in Section 2.6.

  • SOFR Adjustment means 0.10% (10 basis points).

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • ISDA Fallback Adjustment means the spread adjustment (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

  • Adjustment Escrow Amount means $1,000,000.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Payment Adjustment Date With respect to each ARM Loan, the date on which the Borrower's Monthly Payment changes in accordance with the terms of the related Mortgage Note.

  • MFN Adjustment has the meaning specified in Section 2.14(b).

  • Price Adjustment means any and all price reductions, offsets, discounts, rebates, adjustments, and or refunds which accrue to or are factored into the final net cost to the hospital outpatient department or ambulatory surgical center.

  • SNB Adjustment Spread means, with respect to the SNB Policy Rate, the spread to be applied to the SNB Policy Rate in order to reduce or eliminate, to the extent reasonably practicable under the circumstances, any economic prejudice or benefit (as applicable) to Noteholders as a result of the replacement of the Swiss Average Rate Overnight with the SNB Policy Rate for purposes of determining SARON, which spread will be determined by the Calculation Agent, acting in good faith and a commercially reasonable manner, taking into account the historical median between the Swiss Average Rate Overnight and the SNB Policy Rate during the two year period ending on the date on which the SARON Index Cessation Event occurred (or, if more than one SARON Index Cessation Event has occurred, the date on which the first of such events occurred).

  • Adjustment Escrow Fund means the Adjustment Escrow Amount deposited with the Escrow Agent, as such amount may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any interest or other amounts earned thereon.

  • Related Adjustment means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate:

  • Lot line adjustment means the relocation of the property boundary line in a

  • Final Adjustment has the meaning set forth in Section 10.3.B(2) hereof.

  • Final Adjustment Amount has the meaning set forth in Section 2.4(c).

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Adjustment means each form of adjustment to consideration provided for in this clause.The parties acknowledge that the consideration under this Contract is inclusive of GST, where GST is calculated using the GST rate at the time of forming this Contract.The Contractor shall provide the Recipient with a Tax Invoice and/or adjustment notes in relation to the supply prior to an amount being paid by the Recipient under this Contract, and shall do all things reasonably necessary to assist the Recipient to enable it to claim and obtain any Input Tax Credit available to it in respect of a Supply.Where the GST rate is changed after the date of formation of this Contract the consideration under this Contract will be increased or decreased so that the consideration remains inclusive of GST, with GST calculated using the new GST Rate from the date of the change of the GST Rate that applies at the date of formation of this Contract. PrivacyFor the purposes of this Clause unless the context otherwise requires:

  • Adjustment Price means the lowest Underlying Price within the Adjustment Period after the Underlying Price is for the first time equal to or below the Adjustment Threshold.

  • Principal Adjustment In the event that the Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount or Class B-6 Optimal Principal Amount is calculated in accordance with the proviso in such definition with respect to any Distribution Date, the Principal Adjustment for such Class of Class B Certificates shall equal the difference between (i) the amount that would have been distributed to such Class as principal in accordance with Section 4.01(a) for such Distribution Date, calculated without regard to such proviso and assuming there are no Principal Adjustments for such Distribution Date and (ii) the Adjusted Principal Balance for such Class.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Substitution Adjustment Amount As defined in Section 2.03.