PREMIUM DUE definition

PREMIUM DUE. Reinsurance premiums are due annually in advance. These premiums are due on the issue date and each subsequent policy anniversary.
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Examples of PREMIUM DUE in a sentence

  • REMITTANCE DATE means the MONTHLY VALUATION DATE following the REINSURANCE PREMIUM DUE DATE.

  • PREMIUM DUE WHETHER VOLUNTARY OR INVOLUNTARY PREPAYMENT; INSURANCE AND CONDEMNATION PROCEEDS Borrower shall pay the prepayment premium due under this paragraph A whether the prepayment is voluntary or involuntary (in connection with Lender's acceleration of the unpaid principal balance of the Note) or the Instrument is satisfied or released by foreclosure (whether by power of sale or judicial proceeding), deed in lieu of foreclosure or by any other means.

  • PREMIUM DUE DATES: The amount and time of premium payments following the Policy Date are flexible.

  • SCHEDULE OF PREMIUMS SCHEDULE OF BENEFITS AMOUNT PAYABLE FOR $5,000.00 1 PAYMENT LIFE INSURANCE INITIAL PREMIUM DUE: $5,000.00 ADDITIONAL PREMIUM PAYMENTS MAY BE MADE.

  • THIS BINDER OF COVERAGE IS SUBJECT TO OUR RECEIPT, ON OR BEFORE JULY 1, 1995, OF PAYMENT IN FULL OF THE PREMIUM DUE.

  • PREMIUM DUE DATE - is the date by which premiums, other than the first, must be paid.

  • X .25(cent) = -------------------------------------- ------------------------------------------------------- -------------------------------- SHARES LOST INSURANCE PREMIUM PER SHARE TOTAL PREMIUM DUE Please make your check payable to GENERAL INSURANCE COMPANY OF AMERICA and enclose it with the Transmittal Form.

  • IF WE DO NOT RECEIVE PAYMENT OF THE PREMIUM DUE ON OR BEFORE JULY 1, 1995, WE WILL ASSUME THAT YOU DO NOT WISH TO PURCHASE THIS COVERAGE FROM US, AND THE POLICY DESCRIBED IN THE BINDER WILL BE VOID, AS NEVER HAVING BEEN IN EFFECT.

  • IF WE DO NOT RECEIVE PAYMENT OF THE PREMIUM DUE ON OR BEFORE JULY 1, 1996, WE WILL ASSUME THAT YOU DO NOT WISH TO PURCHASE THIS COVERAGE FROM US, AND THE POLICY DESCRIBED IN THE BINDER WILL BE VOID, AS NEVER HAVING BEEN IN EFFECT.

  • ACCOUNTING PERIOD AND PREMIUM DUE The Ceding Company will submit accounts to the Reinsurer, for reporting new business, alterations, terminations, renewals, claims, and premium due, as shown in Schedule I.

Related to PREMIUM DUE

  • Premium Due Date means date specified in the Schedule on which the Instalment Premium will become due.

  • 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 tax means a tax paid by insurance companies to provincial and territorial governments calculated as a percentage of gross premiums written.

  • Premium Payment Date in respect of any Option, means the date on which the Premium is due and payable, as agreed to at the time the Option is entered into, as evidenced in a Confirmation.

  • Premium Amount The amount of premium due to the Note Insurer in accordance with the terms of the Insurance Agreement.

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Premium Rate has the meaning assigned to such term in the Premium Letter.

  • 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.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.

  • Premium Letter means the letter agreement dated the Closing Date among LBAC, the Issuer and the Note Insurer referring to payment of the Premium.

  • Minimum Monthly Payment for any Mortgage Loan and any month means the minimum amount required to be paid by the related mortgagor in that month.

  • Nonpayment of premium means the failure or inability of the named insured to discharge any obligation in connection with the payment of premiums on a policy of insurance subject to this section, whether such payments are payable directly to the insurer or its agent or indirectly payable under a premium finance plan or extension of credit;

  • Premium Mortgage Loan Any Group 1 Premium Mortgage Loan or Group 2 Premium Mortgage Loan.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Special Primary Insurance Premium With respect to any Special Primary Insurance Policy, the monthly premium payable thereunder. Statutory Trust Statute: Chapter 38 of Title 12 of the Delaware Code, 12 Del.C. §3801 et seq., as the same may be amended from time to time.

  • Premium Percentage As defined in the Insurance Agreement.

  • Insurance Amount has the meaning set forth in Section 6.11(c).

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Premium means any premium payable under the terms of the Notes.

  • Premium Termination Date With respect to the Series A Certificates, the scheduled maturity date of the Series A Certificates, with respect to the Series B Certificates, the scheduled maturity date of the Series B Certificates and with respect to the Series C Certificates, the scheduled maturity date of the Series C Certificates.