Premium outlay definition

Premium outlay means the amount of premium assumed to be paid by the policy owner or other premium payer out-of-pocket.
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Premium outlay means the amount of premium assumed to be paid by the policy owner or other premium payer out‑of‑pocket.
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Premium outlay means the amount of premium assumed to be
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Examples of Premium outlay in a sentence

  • Not a Bank DepositNo Bank GuaranteeNot FDIC InsuredNot Insured By Any Federal Government Agency Premium outlay is the amount of money assumed to be paid out-of-pocket in addition to any amounts transferred from another insurance company.

  • Premium outlay means the amount of premium assumed to be paid by the policy owner or other premium payer out-of-pocket.

  • The 7-Pay limit shown above has been adjusted for any illustrated 1035 exchange amounts.Policy Issue Information The basic underwriting requirements based on this illustration are: Paramedical, ABC, HOS, ECG, MVR, PFS Premium Outlay Premium outlay is the sum of the periodic payments you plan to make each year.

  • The 7-Pay limit shown above has been adjusted for any illustrated 1035 exchange amounts.Policy Issue Information The basic underwriting requirements based on this illustration are: Paramedical, ABC, HOS, ECG, MVR, IR, PFS Premium Outlay Premium outlay is the sum of the periodic payments you plan to make each year.

Related to Premium outlay

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

  • Premium surcharge means a payment required from a subscriber, in addition to the subscriber's medical premium contribution, due to an enrollee's tobacco use or an enrolled subscriber's spouse or state registered domestic partner choosing not to enroll in their employer- based group medical when:

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

  • 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.

  • 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.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Premium service means programming choices (such as movie Channels, pay-per-view programs, or video on demand) offered to Subscribers on a per-Channel, per-program or per- event basis.

  • Reimbursement Amount As defined in Section 2.04.