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 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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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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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

  • 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;

  • 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.

  • 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.

  • 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.