RULE CONTENT PAGE NO. 1 Introduction 1 2 Applications for Insurance 1 3 Extent of Coverage 6 4 Cancellations 6 5 Policy Fee 7 6 Commissions 8 7 Policy Period, Minimum Premium and Waiver of Premium 8 8 Rounding of Premiums 8 9 Changes and Mid-Term Premium Adjustments 8 10 Effective Date and Important Notices 8
Premium is the amount an insurer charges to provide the coverage described in the policy. Premium is calculated based on the total remuneration paid by the employer for the services of employees who are eligible for New York State workers’ compensation benefits as provided by the policy.
B. Base Premium Determination (Extended Coverage Only) 1. Determine the appropriate Windstorm or Hail Exclusion Credit from the table below. 2. Subtract this credit from the Other Perils Key Premium to develop the Other Perils Adjusted Key Premium. 3. Multiply the Other Perils Adjusted Key Premium by the Key Factor to develop the Other
More Answers On Whole Dollar Premium Rule
Whole Dollar Premium Rule The premium for each exposure shall be rounded to the nearest whole dollar, separately for each coverage provided by the policy. A premium involving $.50 or more shall be rounded to the next higher whole dollar. This procedure shall apply to all interim premium adjustments, including
Whole Dollar Premium Rule All premiums shown on the policy and endorsements shall be rounded to the nearest whole dollar. A premium of fifty cents ($.50) or more shall be rounded to the next higher whole dollar. Massachusetts Personal Lines Manual Effective Date: 02/01/16 …
Minimum Premium Rule . A minimum annual premium of $150 shall be charged for each policy. The $150 minimum premium includes all chargeable endorsements or coverages if written at inception of the policy. Whole Dollar Premium Rule . All premiums shown on the policy and endorsements shall be rounded to the nearest whole dollar. A premium of fifty …
Whole Dollars Payrolls – and Employers Liability Insurance Manual Rule
AND EMPLOYERS LIABILITY INSURANCE MANUAL RULE D. WHOLE DOLLARS PAYROLLS. All payrolls shall be shown to the nearest dollar. A remainder of $.50 or more shall be rounded to the next higher dollar. … The extra pay for overtime shall be excluded from the payroll on which premium is computed as indicated in (1) or (2) below, provided the insured …
F. Collateral Rule A rule governing the premium charged for collateralized Surety Bonds may be established by the surety company. G. Whole Dollar Premium Rule The premium for each Surety Bond shall be rounded to the nearest whole dollar. A premium involving $0.50 or over shall be rounded to the next higher whole dollar.
ATURAN DOLLAR SELURUH (PREMIUM) – Cara Perbincangan
KAEDAH DOLLAR SELURUH (PREMIUM), Apa Arti ATURAN DOLLAR (PREMIUM) SELURUH? Tunjukkan bahawa premium untuk setiap lindung nilai harus sama dengan dolar penuh terdekat (50 sen atau lebih, gunakan dolar penuh terdekat). Ini juga berlaku untuk penyesuaian penghargaan awal, nilai dan pembatalan. Setiap pameran mewakili setiap lindung nilai yang mana premium tersendiri dikira. Makna Literal ROLE …
WC & EL / PART ONE / RULE V: – nycirb.org
PREMIUM BASIS. RULE VI: RATES AND PREMIUM DETERMINATION. RULE VII: LIMITS OF LIABILITY. RULE VIII: SPECIAL CONDITIONS OR OPERATIONS AFFECTING COVERAGE AND PREMIUM. RULE IX: … D. WHOLE DOLLAR: REMUNERATION All remuneration shall be shown to the nearest dollar. A remainder equal to or greater than $.50 shall be rounded to the next higher dollar.
209 Whole Dollar Premium Rule 20 301 Base Premium Computation 21 302 Vandalism and Malicious Mischief – DP 00 01 Only 32 303 Reserved for Future Use 32 304 Permitted Incidental Occupancies 32 … All premium deposits shall be submitted with each application on a gross remittance basis , as follows: a) If paid by the insured or premium finance …
12 Whole Dollar Premium Rule 16 13 Installment Payment of Premiums 17 14 Deposit Premium Rule 18 15 Employers Subject to Massachusetts Workers Compensation Act 19 16 Deductibles – Parts 7, 8 and 9 20 17 Substitute Transportation 21 18 Termination of Insurance 22 19 Discounts 27 …
The premium quotation shall be based on the latest classification information and premium charges established for the renewal policy. 3. Failure to pay the deposit premium may result in cancellation of the policy or removal of the annual mileage discount. The specific reason for cancellation is non-payment of any required premium.
Rounding for the Loan Estimate and Closing Disclosure
The Dollar Amount Rounding Rules. 1) Generally, when dollar amounts are rounded, they follow the mathematic rule of rounding down if the amount is 49 cents or less, and rounding up if the amount is 50 cents or more. When the amount is rounded, the whole number amount is truncated at the decimal point.
3. Premium Determination 4. Classifications 5. Safe Driver Insurance Plan (SDIP) 6. Model Year/Age Groups for Comprehensive and Collision Coverages 7. Minimum Premium Rule 8. Policy Period 9. Changes 10. Cancellation 11. Whole Dollar Premium 12. Rules for Determining Physical Damage Base Rates Not Displayed on Rate Pages 13. Suspension 14 …
12 Whole Dollar Premium Rule 11 13 Installment Payment of Premiums 12 14 Deposit Premium Rule 12 15 Employers Subject to Massachusetts Workers Compensation Act 12 16 Deductibles – Parts 7, 8 and 9 12 17 Substitute Transportation 12 18 Termination of Insurance 12 19 Discounts 17 …
11 whole dollar premium 22 12 rules for determining physical damage base rates for symbols not 22 displayed on stat erat pages 13 suspension 23 14 miscellaneous coverages 24 14. a. uninsured motorists coverage only 24 14. b. combined uninsured/underinsured motorists coverage 25 14. c. notice 26 14. d. …
SSA Handbook § 738
738.2 How are benefit rates rounded? Calculations that are not a multiple of 10 cents are rounded to the next lower multiple of 10 cents. For example, $100.18 is rounded down to $100.10. The monthly amount payable is rounded to the next lower multiple of $1 if it is not already a multiple of $1. For example, $100.70 is rounded down to $100.
RULE 3. COVERAGE AVAILABILITY Massachusetts law and the provisions of Rule 27 of the MAIP Rules of Operation require insurers to make the following levels of coverage available at the insured’s request for policies assigned through the MAIP: 1. Limits up to $250,000 each person and $500,000 each accident for Parts 3, 5 and 12. Limits above
8. Any building, dwelling or structure owned in whole or in part by a local, county, state or federal government and/or any governmental agency. 9. Any building, dwelling or structure including the property in or on the building, dwelling or structure that is located in whole or in part in or over water.
1. Steps 1 through 27, as provided in Rule 11, will be rounded to the penny after each step. 2, Step 28, 29 and 36-41 will ounbe rded to the nearest whole dollar. For whole dollar rounding, a premium involving $0.50 or more will be rounded to the next whole dollar at the end of the lower whole dollar.
12 Whole Dollar Premium Rule 15 13 Installment Payment of Premiums 15 14 Deposit Premium Rule 15 15 Employers Subject to Massachusetts Workers Compensation Act 15 16 Deductibles – Parts 7, 8 and 9 15 17 Substitute Transportation 15 18 Termination of Insurance 16 19 Discounts 21 …
The premium quotation shall be based on the latest classification information and premium charges established for the renewal policy. 3. Failure to pay the deposit premium may result in cancellation of the policy or removal of the annual mileage discount. The specific reason for cancellation is non-payment of any required premium.
8. Any building, dwelling or structure owned in whole or in part by a local, county, state or federal government and/or any governmental agency. 9. Any building, dwelling or structure including the property in or on the building, dwelling or structure that is located in whole or in part in or over water.
The premium quotation shall be based on the latest classification information and premium charges established for the renewal policy. 3. Failure to pay the deposit premium may result in cancellation of the policy or removal of the annual mileage discount. The specific reason for cancellation is non-payment of any required premium.
Trading Tips: Whole Dollar Half Dollar – SteadyTrade.com
In a stock chart, the whole dollar or the half dollar points are like walls. Say that you have a stock that is trading in the $3 range. If it breaks a key level, like $3.95, there’s a high likelihood it will break the dollar point. Likewise at the half dollar point: if that stock were trading at $3.45, chances are pretty good it will top $3.50.
208 Whole Dollar Premium Rule 26 209 Restriction of Individual Policies 26 301 Key Factor Interpolation Computation 27 303 Hurricane Rates 40 401 Reserved for Future Use 43 402 Personal Property (Coverage C ) Replacement Cost Coverage 43 … For purposes of this rule, BASE PREMIUM means: BASE CLASS PREMIUM x Key Factor. A. No Prior Insurance
3. Premium Determination 4. Classifications 5. Safe Driver Insurance Plan (SDIP) 6. Model Year/Age Groups for Comprehensive and Collision Coverages 7. Minimum Premium Rule 8. Policy Period 9. Changes 10. Cancellation 11. Whole Dollar Premium 12. Rules for Determining Physical Damage Base Rates Not Displayed on Rate Pages 13. Suspension 14.
3. Premium Determination 4. Classifications 5. Safe Driver Insurance Plan (SDIP) 6. Model Year/Age Groups for Comprehensive and Collision Coverages 7. Minimum Premium Rule 8. Policy Period 9. Changes 10. Cancellation 11. Whole Dollar Premium 12. Rules for Determining Physical Damage Base Rates Not Displayed on Rate Pages 13. Suspension 14 …
Waiver of Premium . When a policy is changed after the effective date, any additional or return pr emium of $5 or less will be waived. Whole Dollar Premium Rule . All premiums are rounded to the nearest whole dollar. A premium of fifty cents ($0.50) or more is rounded to the next whole dollar. Cancellations or Coverage Changes
WHOLE DOLLAR PREMIUM RULE All premiums shown on the policy and endorsements shall be rounded to the nearest whole dollar. In the event of a cancellation by the Company, the return premium will be carried to the next higher whole dollar. 16. VALUE DETERMINATION The manufactured home must be insured to 100% of the actual cash value (ACV) less the …
Waiver of Premium 28 Whole Dollar Premium Rule 29 Policy Period and Installment Plan 30 Wood burning or Coal Stove Surcharge 31 Condition Charges 32 Territory Definitions 33 Fire Protection 34 Construction Definitions 35 Deductibles 36 Earthquake 37 Mine Subsidence 38 Protective Devices 39 …
Refer to Rule 11 for the ap plication of the discount and refer to the Miscellaneous Rating Factors page for the applicable discount. Continuous Coverage The premium for Parts 1, 2, 4 and 5 will be reduced following Arbella’s verification of a rated operator’s eligibility for the continuous coverage discount.
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