Premium tax definition

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

Premium tax. Any premium taxes owed to any governmental entity and assessed against Purchase Payments or Contract Value.

Premium tax means with respect to Non-Admitted Insurance, any tax, fee, assessment, or other charge imposed by a government entity directly or indirectly based on any payment made as consideration for such insurance, including premium deposits, assessments, registration fees, and any other compensation given in consideration for a contract of insurance.

Examples of Premium tax in a sentence

• If no premium has been paid, then a time on risk premium inclusive of Insurance Premium Tax (‘‘IPT’’), and in addition any relevant administration costs, may be charged.

• Insurance Premium Tax (IPT) Your premium detailed in the policy will include IPT at the prevailing rate.

• During the grace period, in the event you are receiving an Advance Premium Tax Credit, the Plan will: • Pay all appropriate claims for services rendered during the first month of the grace period and may pend claims for services rendered in the second and third months of the grace period; • Notify the Department of Health and Human Services of such non-payment; and • Notify Providers of the possibility of denied claims during the second and third months of your grace period.

• If you are not receiving a Premium Tax Credit under the Affordable Care Act, you and your covered Dependents, if applicable, may apply for reinstatement of coverage by sending in the appropriate premium due no later than 60 days after termination for nonpayment of premium.

• In the event you are receiving an Advance Premium Tax Credit, you have a three-month grace period, or such other grace period, if any, permitted by applicable law or regulatory guidance.

More Definitions of Premium tax

Premium tax means, with respect to surplus lines or independently procured insurance coverage, any tax, fee, assessment, or other charge imposed by a governmental entity directly or indirectly based on any payment made as consideration for an insurance contract, including premium deposits, assessments, registration fees, and any other compensation given in consideration for a contract of insurance.

Premium tax means the tax imposed by the state on a contract of insurance equal to the applicable percent, as provided in section 432.1.

Premium tax means with respect to non-admitted insurance, any tax, fee,

Premium tax or “Premium Taxes” has the meaning set forth in the Indemnity Reinsurance Agreement.

Premium tax means with respect to non-admitted insurance, any

Premium tax means, with respect to unauthorized insur- ance, any tax, fee, assessment, or other charge imposed by this state directly or indirectly based on any payment made as consid- eration for an insurance contract for such insurance, including premium deposits, assessments, registration fees, and any other compensation given in consideration for a contract of insurance.

Premium tax means any tax charged upon or any monies withheld from a premium by or on behalf of any statutory, governmental, state, provincial or local governmental authority, body or official;