Examples of Total Premium in a sentence
For Insurance Policy/ies, the amount of Contract refers to the Total Premium, including taxes.
The statement shall include, for each policy/binder, the following: Name of the Assured/Reinsured Period of cover of the Insurance Limit of the Cover Amount of Contract:(i) For Insurance Policy/ies, the amount of Contract refers to the Total Premium, including taxes; (ii) For Reinsurance Binder/s, the amount of Contract refers to the Net Amount Due Reinsurer, net of commission earned and applicable taxes.
See Section 4.5 for an explanation of the Adjusted Total Premium.
If there is no surviving child of the Primary Annuitant, then the Total Premium* paid under this Policy shall be payable to the legal heir of the Primary Annuitant.
The Total Premium shown on the schedule includes Insurance Premium Tax (IPT) and administration charges which are negotiated under a separate contract.