Premium paid definition

Premium paid means the amount calculated as prescribed in the carrier’s Statement of Revenue and Expenses, or its equivalent, and as required in the annual statement filing.
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Examples of Premium paid in a sentence

  • However, if the Company’s Reimbursement Premium for the prior Contract Year was less than $5,000, the Company’s full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year.

  • In the event that Retrocedant chooses to extend the time period for adjusting the reserves for a Class of Business, Retrocedant retains the exposure to adverse loss development and Retrocessionaire will suffer no exposure to paid losses in excess of the Initial Section A Premium and Initial Section B Premium paid by Retrocedant.

  • However, if the Company's Reimbursement Premium for the prior Contract Year was less than $5,000, the Company's full provisional Reimbursement Premium, in an amount equal to the Reimbursement Premium paid in the prior year, shall be due in full on or before August 1 of the Contract Year.

  • If, due to the correction in the Member’s age, a Subscriber has paid a Premium, or portion of a Premium, not due, CareFirst BlueChoice’s liability is limited to a refund, on request, of any excess Premium paid for the period during which the Member’s age was misstated.

  • We will refund any Premium paid including any Contract fees or other charges.

  • Will include the following provisions: 66 2/3% of salary after ninety (90) calendar days qualifying period 24 hour coverage, immediate employee eligibility Pre-existing conditions, limitation waived Social Security freeze with family offset 50% maximum offset to benefit of wages Six (6) months before new waiting period is required Premium paid during waiting period for L.T.D. and premium waiver for persons qualifying for L.T.D.

  • If your age or tobacco use status has been misstated, Benefits may be adjusted based on the relationship of the Premium paid to the Premium that should have been paid, based on the correct age or tobacco use status.

  • Where the Premium paid by You at the inception of this Policy is calculated on Your estimated Gross Revenue or other estimated amount provided by You to Us, You must, within 30 (thirty) calendar days after the termination of the Period of Insurance, provide Us the actual amount realised during the Period of Insurance so that We may calculate any adjustment Premium that may be payable.

  • The Premium paid hereunder shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Insured Certificates or provision being made for payment of the Insured Certificates prior to maturity.

  • CareFirst BlueChoice can recover these amounts from the Subscriber and/or from any terminated Member, less any Premium paid for the Member’s enrollment during the period of ineligibility at the option of CareFirst BlueChoice, less any Premium paid for the Member’s enrollment during the period of ineligibility.