Total Eligible Premium definition

Total Eligible Premium means the sum of all Eligible Premiums of all Eligible Policyholders, calculated in accordance with Section 8.2(a)(i) above. The Total Eligible Premium is approximately $1.303 billion.
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Total Eligible Premium means the sum of all premiums paid by the Eligible Members to the Company on the Eligibility Date and in the previous thirty-six (36) consecutive months pursuant to all Eligible Members’ Eligible Policies on the Eligibility Date, as reflected in the Company Records; and
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Total Eligible Premium means the sum of all Eligible Premiums of all Eligible Members. “Total Incurred Profitability” means the sum of all Incurred Profitability of all EligibleMembers. 2.2 Terms Generally. As used in this Plan of Conversion, except to the extent that the context otherwise requires:
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Examples of Total Eligible Premium in a sentence

  • The premium percentage is calculated by dividing the Eligible Premium with respect to such Eligible Member by the Total Eligible Premium (the “Premium Percentage”).


More Definitions of Total Eligible Premium

Total Eligible Premium means the sum of all the premium of all In Force Policies Owned by Qualified Policyholders on the Adoption Date (calculated as if all premiums under such Policies were paid in full) and all the premiums actually paid for the previous four policy years under all such Policies, as reflected in the PICA Records; provided, however, with respect to Policies issued by PICA as a result of a merger, acquisition, or the acquisition of renewal rights (as reflected on the PICA Records), the premium under such Policy for purposes of determining such Qualified Policyholder’s Eligible Premium and the Total Eligible Premium shall be (I) the sum of the premium under such Qualified Policyholder’s Policy In Force on the Adoption Date (calculated as if all premiums under such Policy were paid in full) and the premium actually paid for the previous four policy years under all of such Qualified Policyholder’s Policies, including policies with the prior carrier or (II) if the premium actually paid for any of the previous four policy years is not available in the PICA Records, then the sum of (x) the premium under such Qualified Policyholder’s Policy In Force on the Adoption Date (calculated as if all premiums under such Policy were paid in full), plus (y) the premium actually paid for any of the previous four complete policy years available in the PICA Records plus (z) the premium for the earliest known complete policy year available in the PICA Records multiplied by the number of complete years out of the previous four policy years for which the premium actually paid is unavailable on the PICA Records; and
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Related to Total Eligible Premium

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • 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.

  • Net Earned Premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Average Monthly Limit means the maximum allowable "Average Monthly Concentration" as defined in Section 22a-430-3(a) of the RCSA when expressed as a concentration (e.g. mg/l); otherwise, it means "Average Monthly Discharge Limitation" as defined in Section 22a-430-3(a) of the RCSA.

  • Non-Performance Charge means the charge applicable to Capacity Performance Resources as defined in Tariff, Attachment DD, section 10A(e). Nonincumbent Developer:

  • Termination Rate means a rate per annum equal to the arithmetic mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • SBI 1 Year MCLR Rate means 1 year Marginal Cost of Funds Based Lending Rate (MCLR) fixed by State Bank of India (SBI) / any replacement thereof by SBI for the time being in effect applicable for 1 year period, as on 1st April of the respective financial year in accordance with regulations and guidelines of Reserve Bank of India. In absence of such rate, any other arrangement that substitutes such rate as mutually agreed to by the Parties.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Average Excess Availability means, with respect to any period, the sum of the aggregate amount of Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period.

  • Non-Payment Period Rate means, initially, 200% of the applicable Reference Rate (or 275% of such rate if the Corporation has provided notification to the Auction Agent prior to the Auction establishing the Applicable Rate for any dividend pursuant to paragraph 2(f) hereof that net capital gains or other taxable income will be included in such dividend on shares of AMPS), provided that the Board of Directors of the Corporation shall have the authority to adjust, modify, alter or change from time to time the initial Non-Payment Period Rate if the Board of Directors of the Corporation determines and Moody's and S&P (and any Substitute Rating Agency in lieu of Moody's or S&P in the event either of such parties shall not rate the AMPS) advise the Corporation in writing that such adjustment, modification, alteration or change will not adversely affect their then-current ratings on the AMPS.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Prime-based Rate means, for any day, that rate of interest which is equal to the sum of the Applicable Margin plus the greater of (i) the Prime Rate, and (ii) the Alternate Base Rate.

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Adjusted Collateral Principal Amount means, as of any date of determination:

  • Rolling Three Month Delinquency Rate With respect to any Distribution Date, the fraction, expressed as a percentage, equal to the average of the Delinquency Rates for each of the three (or one and two, in the case of the first and second Distribution Dates, respectively) immediately preceding calendar months.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.