Total Policy Premium definition

Total Policy Premium means the level annual premium amount for the Participant's Single Life Coverage Policy that is projected to result in the Policy qualifying as a Permanent Policy if the annual premium amount is paid each year for all scheduled Premium Payment Years, assuming the Participant qualifies for the Insurer's guaranteed issue nonsmoker rates, or if the Participant is deemed by the Insurer to be a smoker, the Insurer's guaranteed issue smoker rates. The determination as to the amount of the Total Policy Premium shall be based on Single Life Coverage even if the Participant elects Survivorship Coverage. If more than one type of Single Life Coverage Policy is available under the Plan, the Plan Administrator shall determine the Single Life Coverage Policy to be used to determine the Total Policy Premium. The Total Policy Premium for a Participant shall be determined when the Participant enrolls for coverage under the Plan, and shall not be changed thereafter; it shall be based on the Participant's Coverage Level, or, if less, the actual Coverage Amount elected by the Participant.
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Total Policy Premium means the sum of all premiums for all liability and physical damage coverages.
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Total Policy Premium means amount equal to the total policy premium (that is Annual premium * premium paying term) as if the policy were on annual basis regardless of the policy's modal premium. Such amount should be excluding all extra premiums for medical and
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Examples of Total Policy Premium in a sentence

  • Total policy premium will equal the sum of all the premiums calculated for each unit.

  • Total policy premium: <PMD-PREM-TOTAL-JFLD-99> ............................................................................................................................................................................................................................................................

  • The Workers Compensation Security Fund Surcharge amount is charged in conjunction with the effective date of the rates used on each policy.3. Premium Base for Calculating the Security Fund Surcharge Total policy premium is the premium base to which the surcharge percentage, shown in Part Three– Loss Costs, Miscellaneous Values section of this manual, applies.1st Reprint Effective January 1, 2015 RULE IX N.

  • Total policy premium: ..................................................................................................................................................................................................................................................

  • The Workers Compensation Security Fund Surcharge amount is charged in conjunction with the effective date of the rates used on each policy.3. Premium Base for Calculating the Security Fund Surcharge Total policy premium is the premium base to which the surcharge percentage, shown in Part Three– Loss Costs, Miscellaneous Values section of this manual, applies.2nd Reprint Effective January 1, 2020 RULE IX N.

  • The Workers Compensation Security Fund Surcharge amount is charged in conjunction with the★ effective date of the rates used on each policy.3. Premium Base for Calculating the Security Fund Surcharge Total policy premium is the premium base to which the surcharge percentage, shown in Part Three– Loss Costs, Miscellaneous Values section of this manual, applies.1st Reprint Effective January 1, 2015 RULE IX N.

  • Total policy premium: ............................................................................................................................................................................................................................................................

  • Initially, we discern no bad faith in the Commonwealth’s requests, and Appellant has not made any specific allegations of gamesmanship.

  • The report of the Missionary Committee goes on to state: “All these 4 congregations are without the preaching of the gospel and the administration of the Sacraments.

  • Total policy premium (each Index Interval) equals the sum of the premiums for each unit.


More Definitions of Total Policy Premium

Total Policy Premium means the level annual premium amount for the Participant’s Coverage that is projected to result in the Policy qualifying as a Permanent Policy if the annual premium amount is paid for each of the scheduled Premium Payment Years. The Total Policy Premium for a Participant’s Policy shall be determined in the discretion of the Program Administrator when the Participant enrolls for such coverage under the Program.
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Related to Total Policy Premium

  • Flood Insurance Rate Map means the most recent flood hazard map published by the Federal Emergency Management Agency under the National Flood Insurance Act of 1968 (42 U.S.C. Section 4001 et seq.).

  • Flood Insurance Rate Map (FIRM means the official map on which the Federal Insurance Administration has delineated both the areas of special flood hazards and the risk premium zones applicable to the community.

  • 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.

  • Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

  • Premiums means premiums, considerations, deposits and similar receipts with respect to the Policies or Post-Closing Policies.