Premium Year definition

Premium Year means the year in which Target Premium has been fully paid.
Premium Year means the calendar year for which SSA makes an income-related monthly adjustment amount determination.
Premium Year means in relation to the calculation and payment of premiums pursuant to this Act the period beginning on January 1 and ending on December 31 in any year;

Examples of Premium Year in a sentence

  • One complete Premium Year refers to a complete 12-months period for which Regular Premiums have actually been paid, excluding any period where Discontinuance of Premium Provisions is applicable and unpaid for months.

  • Additional Allocation thus added will be invested according to Your instruction for premium allocation, without any Premium Allocation Charges.The amount of Additional Allocation is determined as a percentage of the Regular Premiums received for the relevant Premium Year as in the table below.

  • The balance in excess of Target Premium will become Excess Premium for the current Policy Year.Target Premium of the main product will be allocated into the Policy Account Value as specified in the following table: Premium Year The Policy Owner shall be responsible for paying premium regularly in order to keep the Policy Account Value above the Monthly Charge and Debts (if any), even if the Policy Owner does not receive notice to remind the Policy Owner of the premium due date.

  • The funding for Primary PE and Sport Premium, Year 7 Catch-up Premium, and Extended Rights to Home to School Transport are expected to continue in 2021- 22, although this is still to be confirmed.

  • Industry Median Lagged Dividend, Dividend Premium (following Baker and Wurgler, 2004), Governance Premium, Year of Entry Takeover Market Activity, Technology Industry Dummy, Industry Governance Practices, State LawsReferencesAgrawal, A., Knoeber, C., 1996.

  • Short rate table – Annual Policy Period on risk% Return PremiumUpto 1 month3/4th of the annual rateUpto 3 months½ of the annual rateUpto 6 months1/4th of annual rateExceeding 6 monthsNil MultiYear Policy % Refund Premium Year of CancellationPolicy Period (Years)23Year 125%45%Year 2 11% In event of part prepayment of the Loan, no refunds of premium shall be made under this Policy.

  • In the event a claim has occurred in which case there shall be no return of premium Short rate table – Annual Policy Period on risk% Return PremiumUpto 1 month3/4th of the annual rateUpto 3 months½ of the annual rateUpto 6 months1/4th of annual rateExceeding 6 monthsNil MultiYear Policy% Refund Premium Year of CancellationPolicy Period (Years)23Year 125%45%Year 2 11% In event of part prepayment of the Loan, no refunds of premium shall be made under this Policy.

  • Consider the use and impact of the Early Years Premium, Pupil Premium, Sports Premium, Year 7 Catch-Up Premium.

  • Historical Statistics - Active Employee Insurance - 2008 and Later Premium Year Claims Death Losses Year Life YearTotal ClaimsConversion ChargePooled ClaimsPool ChargeTotal Claim Charges2008$13,281,351$2,100$0$23,944$13,307,395 B.

  • One complete Premium Year refers to a complete 12-months period for which Regular Premiums have actually been paid, excluding any period of Premium Holiday.


More Definitions of Premium Year

Premium Year means each of five consecutive twelve month periods commencing on the first day of the first calendar month after the Closing Date, with the fifth Premium Year ending one day prior to the fifth anniversary of such commencement date.

Related to Premium Year

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

  • Premium Payment Term means the term specified in the Schedule, during which the Premiums are payable by You;

  • Premium payment plan means a benefit plan whereby state and

  • 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.

  • Policy Year means the period of time these Terms and Benefits are in force. The first Policy Year shall be the period from the Policy Effective Date to the day immediately preceding the first Renewal Date as specified in the Policy Schedule (both days inclusive) within one (1) year period; and each subsequent Policy Year shall be the one (1) year period from each Renewal Date.

  • 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 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.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • 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.

  • Payment Cap For each Mortgage Loan, the percentage limit set forth in the related Mortgage Note concerning the maximum permitted increase in a monthly payment.

  • Payment month means, for all programs except EA, the calendar month for which benefits are issued.

  • Premium Paying Term means the period as stated in the Policy Schedule, in years, over which Premiums are payable;

  • Payment Due Date means the date by which the Date of Payment must occur, in accordance with the provisions of Sections 504.3 through 504.5 of this Exhibit, in order for NYSERDA not to be liable for interest pursuant to Section 504.6.

  • Excess Cash Flow Payment Period with respect to the prepayment required on each Excess Cash Flow Application Date, the immediately preceding fiscal year of the Borrower.

  • 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.

  • Excess Cash Flow Payment Date means the date occurring 90 days after the last day of a fiscal year of the Parent (commencing with its fiscal year ending December 31, 2000).

  • Quarterly Payment Dates means each March 31, June 30, September 30 and December 31.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Quarterly Payment Date means the last Business Day of each March, June, September and December.

  • Payment Year The calendar year during which the applicable Annual Payment is due pursuant to Section IV.B. Payment Year 1 is 2021, Payment Year 2 is 2022 and so forth. References to payment “for a Payment Year” mean the Annual Payment due during that year. References to eligibility “for a Payment Year” mean eligibility in connection with the Annual Payment due during that year.

  • Payment Period means the three months following each Collection Quarter.

  • Installment Due Date means, for any monthly installment of interest-only or principal and interest, the date on which such monthly installment is due and payable pursuant to Section 3 of this Note.