Examples of Premiums in a sentence
Insurance Company Expenses include: (1) the total outstanding Aggregate Premium; (2) the finance charge set forth below; and (3) a fee for any checks for payment of Premiums that are returned to Insurance Company for insufficient funds, closed accounts, or any other reason; and (4) any expenses reasonably incurred in recovering the amount owed to the Insurance Company including attorney’s fees.
They may be reinstated if they subsequently enroll and pay the applicable Premiums within the enrollment period for Continuation Coverage specified by law.
This applies to the amount of any Aggregate Premiums not remitted to the Insurance Company on or before the first day of any billing period after the expiration of the Grace Period.
The Insurance Company may also change the Premiums on a quarterly basis, based on scheduled trend increases or additional rate changes allowed by the state regulatory authority.
In the event of termination or addition of a subsidiary, operation or class of Subscribers Covered by the Insurance Company, the Insurance Company may change the Premium amounts as noted above The Group may reject any revised Premium by terminating this Policy as of the date that the revised Premiums would become effective.