Outstanding premium meaning
Webdefinition. Outstanding Payment means the value of any payment that remains outstanding after the date on which that payment was due to be made in accordance with this Agreement. Party means a party to this Agreement and Parties means both of them. Premium means the amount necessary to compensate the Corporation for the … WebThe meaning of OUTSTANDING is standing out : projecting. How to use outstanding in a sentence. Synonym Discussion of Outstanding.
Outstanding premium meaning
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Web“outstanding premium” means the amount of premium due which remains unpaid, and includes any interest imposed under section 11(1)(a) in respect of the premium and any penalty imposed under section 17 in respect of the premium; “premium” means a … Refund Where the whole or any part of the premium paid by a person is liable to b… Singapore Statutes Online is provided by the Legislation Division of the Singapore … WebMay 24, 2024 · Automatic Premium Loan: An insurance policy provision that allows the insurer to deduct the amount of the outstanding premium from the value of the policy …
WebRelated to Value Premium. Make-Whole Premium means, with respect to a Note at any time, the excess, if any, of (a) the present value at such time of (i) the redemption price of such Note at June 1, 2024 pursuant to Section 3.07(a) plus (ii) any required interest payments due on such Note through June 1, 2024 (except for currently accrued and unpaid interest), … WebPremium remains outstanding 1 year after the 5% late payment penalty was imposed. Demand Note issued to notify of 12% late payment penalty amount of $120 (i.e. 12% x $1,000) that will be imposed on the outstanding premium if full payment is not received by the due date - 14 May 2024.-15 May 2024. Add: 12% late payment penalty for Policy Year …
WebSynonyms for high-quality include excellent, fine, premium, prime, good, superb, superior, choice, exceptional and great. Find more similar words at wordhippo.com! WebThe amount by which the unexpired risk reserve exceeds the unearned premium reserve . Adjustment Premium. The adjustment premium is additional or return premium payable at the end of a period of cover. This may result from the use of retrospective experience rating or from a situation where the exposure
WebWhat is amount outstanding meaning in Hindi? The word or phrase amount outstanding refers to . See amount outstanding meaning in Hindi, amount outstanding definition, translation and meaning of amount outstanding in Hindi. Learn and practice the pronunciation of amount outstanding. Find the answer of what is the meaning of amount …
WebMar 3, 2024 · Insurance Premium: An insurance premium is the amount of money that an individual or business must pay for an insurance policy. The insurance premium is income … tate body sciencesWeboutstanding premium to LIC when there are no longer any insurance contract services that remain to be provided under the contract. When there is no remaining coverage, all … tate birthday cardsWebThe word or phrase outstanding refers to having a quality that thrusts itself into attention, or of major significance or importance, or owed as a debt, or distinguished from others in excellence. See outstanding meaning in Telugu, outstanding definition, translation and meaning of outstanding in Telugu. tate blackWeboutstanding meaning: 1. clearly very much better than what is usual: 2. not yet paid, solved, or done: 3. clearly very…. Learn more. tate bishopWeboutstanding premium means the amount of premium due which remains unpaid, and includes any interest imposed under section 11 (1) (a) in respect of the premium and any penalty imposed under section 17 in respect of the premium; outstanding premium means each Premium that has not yet been paid by the Insured to the Insurer in accordance with … tate bmw annapolisWebFeb 22, 2024 · Outstanding balance definition. An outstanding balance is the amount you owe on any debt that charges interest, like a credit card. Most often, it refers to the … tate boat timetableWebJul 6, 2024 · Unearned premium is the premium corresponding to the time period remaining on an insurance policy. Unearned premiums are proportionate to the unexpired portion of … tate boarding school