Renewal Premium definition

Renewal Premium means, in relation to a renewal obligation, the premium payable.

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Renewal Premium is the premium credited to a Flexible premium policy in all years following the first policy year with the exception of that portion of the Renewal premium designated by the Insurance Companies in their sole discretion as an increase.

Renewal Premium means the amount payable for each renewal of a JUNIPER Product, to be paid by JUNIPER to FRONTIER as described more particularly in paragraph 5 of this Agreement.

Examples of Renewal Premium in a sentence

If any of the Property and Casualty Insurance requirements are not complied with at their renewal dates, contract work will be suspended until those requirements have been met, or at the option of the County, the County may pay the Renewal Premium and withhold such payments from any monies due the PURCHASER.
If any of the Property and Casualty Insurance requirements are not complied with at their renewal dates, contract work will be suspended until those requirements have been met, or at the option of the County, the County may pay the Renewal Premium and withhold such payments from any monies due the CONTRACTOR.
The Lease may be renewed any number of times, at the option of Lessee, subject to payment of Renewal Premium as per the Applicable Law.
Upon expiry, the Developer and/ or the Sub-lessees, as the case may be, shall have a right of renewal on the payment of Renewal Premium at the time of renewal.
New business Consumer Commercial Customer Premium <£500 £20 £35 Premium £501-£1,000 £25 £55 Premium £1,001-£5,000 £50 £80 Premium >£5,001 £75 £100 Renewal Premium <£500 £20 £35 Premium £501-£1,000 £25 £55 Premium £1,001-£5,000 £50 £80 Premium >£5,001 £75 £100 Mid-term adjustments £0 £0 Lost papers or duplicate documents £0 £0 Temporary change £0 £0 We may occasionally receive additional remuneration from insurers, claims management providers and others.
Renewal Premium and any adjustments will be due within sixty (60) days of anniversary processing.
The Corporation shall neither be bound to send any notice of a Renewal Premium becoming due, nor to renew this Policy.
Purchaser shall make such payment to Seller on a monthly basis on or before the 20th day of each calendar month based on the calculation of the UGA Commissionable Renewal Premium Revenue for the immediately preceding calendar month.
The Postal Address of the Insured Unit 1-2, The ▇▇▇▇▇▇ Building ▇▇▇▇▇▇ Way Pool Cornwall TR15 3RU Period of Insurance From 12th March 2018 to 11th March 2019 Renewal Date 12th March 2019 Renewal Premium £3,296.94 Premium Tax £395.63 Amount Due £3,692.57 First and Annual Premiums are subject to adjustment based on actual figures declared.
Nonpayment notices under Section 2.6 (Renewal of Certificate and Termination for Nonpayment of Renewal Premium) and notices required under Section 4.5 (Non-Approved Servicer) shall be sent to both the Insured and the Owner whenever the Company has been notified that the Insured is a Person other than the Owner.

More Definitions of Renewal Premium

Renewal Premium means the premium payable on renewal of Lease or Sub-Lease by the Lessee or Sub-Lessee or right claiming thereunder to the Authority/ BSHB which shall be equivalent to 10% of the prevalent market value of the proportionate share in land involved in the renewal as Premium and also the enhanced Annual Lease Rent on the proportionate share of Land for which renewal is sought for. Explanation 1: area of land of a sub-lease for the purpose of payment of Renewal Premium shall be determined by dividing corresponding built up area by applicable FAR to Lessee.

Renewal Premium. Estimates of renewal premium on existing active life funds are made by product groupings, based on historical experience. Renewal premiums to separate accounts were assumed to be in proportion to the associated general account renewal premium.

Renewal Premium means the amount payable for each renewal of a Barclays Product, to be paid by Barclays to Frontier as described more particularly in section 5.