Premium credit definition

Premium credit means the monthly amount paid by the
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Premium credit means the monthly amount paid by the AHCA per enrollee in the FHIX toward health benefits coverage;
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Premium credit. The amount We add to Your Certificate Value with each Purchase Payment. For each Purchase Payment you make under the Certificate, the associated Premium Credit is determined as a percentage of that Purchase Payment, using the percentage formula as shown on the Certificate Schedule. The Premium Credit is not considered a "Purchase Payment" under the Certificate.
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Examples of Premium credit in a sentence

  • Premium credit can be determined by subtracting the replaced premium from the new premium.• Conversion of a permanent product to a permanent product is to be treated as a replacement for MDRT purposes.

  • Does not apply to Form 8, remodeled or restored homes.• All Forms, except 4 & 6: Deductible Factors: $250 ded.-1.00; $500 ded.-0.91; $1000 ded.-0.79; $2500 ded.-0.62.• Protective Device Credit: Premium credit for all protection classifications & territories; Credit varies 1%-15%.• Eff.

  • The amount of any claims paid or the value of any services provided to the person (or, in the event that it is the coverage that ended, to a member of his /her family) after the date that the coverage ended.If the amount of (a) minus (b) results in a negative amount, no Premium credit will be made.

  • Long-term endowment riders (16 or more years) to life insurance policies are eligible for 100 percent of first-year premium credit in the Risk-Protection category.• Premium credit for pensions is based on the product used to fund the pension (life insurance, annuities, mutual funds, etc.) which determines whether it receives Risk-Protection or Other Products credit.

  • Notwithstanding anything to the contrary contained in this Policy; if any amount due in terms of the Premium credit facility in respect of this Policy is not paid by no later than 14 (fourteen) days after due date for payment thereof, then this Policy shall thereupon be cancelled without further notice to the Insured with immediate effect.

  • Intermittent leave may be taken for a serious health condition which requires treatment by a health care provider periodically, rather than for one continuous period of time.

  • Long-term endowment riders (16 or more years) to life insurance policies are eligible for 100 percent of first-year premium credit in the Unlimited Credit category.• Premium credit for pensions is based on the product used to fund the pension (life insurance, annuities, mutual funds, etc.) which determines whether it receives Unlimited or Limited Credit.

  • Premium credit may be given in the Unlimited Credit category up to the amount of the annual premium.

  • Premium credit risk is managed through a number of controls that include broker approval, annual financial review and internal rating of brokers and regular monitoring of premium settlement performance.

  • The EC rejects Brazil’s allegation of a breach of the first sentence of Article 15 as this provisions does not contain a separate obligation, and Brazil has not shown how issues such as the IPI Premium credit or devaluation have any relevance.


More Definitions of Premium credit

Premium credit means an amount in addition to the Premium payment which we add to the Contract’s Accumulation Value at the time that Premium is paid. Premium Credits are not considered Premium but are considered part of earnings under the Contract. Premium Tax means any tax or fee imposed or levied by any state government or political subdivision thereof on us in connection with the Premium you pay for this Contract. Proof of Death means a certified copy of a death certificate, a certified copy of a statement of death from the attending physician, a finding of a court of competent jurisdiction as to the cause of death, or any other proof satisfactory to us. Riders are attachments to this Contract that add, change or supersede its terms or provisions. The Right to Examine Period is the period stated in the “Right to Examine This Contract” provision on the first page of this Contract during which you have the right to cancel or void the Contract. The Specially Designated Variable Sub-account is a Variable Sub-account that is used as a “holding” account or for similar administrative purposes as provided in the provisions of this Contract. The Specially Designated Variable Sub-account is designated by us and is identified in the Contract Schedule. Surrender means a transaction in which the full Cash Surrender Value is taken from the Contract. In the event of a Surrender, the Contract will terminate and be of no further value. A Valuation Period is the time from the close of regular trading on the NYSE on one Business Day to the close of regular trading on the next succeeding Business Day. The Variable Separate Account is an account established by us to hold assets funding the variable benefits for this and other variable annuity or variable life insurance contracts. The Variable Separate Account is named on the first page of this Contract. Variable Sub-accounts are subdivisions of the Variable Separate Account. Variable Sub-accounts are used to determine the allocation of the Contract’s assets within the Variable Separate Account. A Withdrawal is a transaction in which only a portion of the Cash Surrender Value is taken from the Contract. IU-IA-4000
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Premium credit means the monthly amount paid by the 614 agency per enrollee in the Florida Health Insurance
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Related to Premium credit

  • Credit life insurance means insurance on the life of a debtor in connection with

  • Premium pay Per the statute, recipients have broad latitude to designate critical infrastructure sectors and make grants to third-party employers for the purpose of providing premium pay or otherwise respond to essential workers. While the interim final rule generally preserves the flexibility in the statute, it does add a requirement that recipients give written justification in the case that premium pay would increase a worker’s annual pay above a certain threshold. To set this threshold, Treasury analyzed data Federal Register / Vol. 86, No. 93 / Monday, May 17, 2021 / Rules and Regulations 26817 from the Bureau of Labor Statistics to determine a level that would not require further justification for premium pay to the vast majority of essential workers, while requiring higher scrutiny for provision of premium pay to higher- earners who, even without premium pay, would likely have greater personal financial resources to cope with the effects of the pandemic. Treasury believes the threshold in the interim final rule strikes the appropriate balance between preserving flexibility and helping encourage use of these resources to help those in greatest need. The interim final rule also requires that eligible workers have regular in-person interactions or regular physical handling of items that were also handled by others. This requirement will also help encourage use of financial resources for those who have endured the heightened risk of performing essential work.

  • Premium Loading means the additional premium on top of the Standard Premium charged by the Company to the Policy Holder according to the additional risk assessed for the Insured Person.

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Facility Amount means (a) prior to the end of the Revolving Period, $250,000,000, unless this amount is permanently reduced pursuant to Section 2.5 or increased pursuant to Section 2.8, in which event it means such lower or higher amount and (b) from and after the end of the Revolving Period, the Advances outstanding.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Premium payment plan means a benefit plan whereby school em- ployees may pay their share of group health plan premiums with pretax dollars as provided in the salary reduction plan under chapter 41.05 RCW pursuant to 26 U.S.C. Sec. 125 or other sections of the Internal Revenue Code.