minimum premium

minimum premium

A cost-plus arrangement for paying for healthcare in the US, in which an employer pays an insurer only part of the premium to be used for administration costs; the rest is set aside by the insurer to pay claims.
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Recent placements include: cabinetry- $1 million limit for $750 minimum premium; blind/shade installation- $2 million limit for $2,000 minimum premium; air conditioning contractor- $3 million limit for $7,000 minimum premium; safe company- $4 million for $5,000 minimum premium; cleaning service- $5 million limit for $6,000 minimum premium.
The subsidiary of Tokio Marine Kiln said that the new coverage features include up to USD10m loss limits and USD5,000 as minimum premium. It also offers automatic replacement cost coverage on equipment five years old or newer.
In 1997, the participants to the arrangement on officially supported export credits, established a methodology for assessing country credit risk and classifying countries in connection with their agreement on minimum premium fees for official export credits which is the Country Risk Classification index, according to the OECD website.
Summary: Minimum premium increases by up to 70%, from Dh2,500 to over Dh4,000
Minimum premium levels are usually required for group participation and will vary by Association.
And what about minimum premium rates, have they been a success?
In accordance with these amendments, the insurance company shall grant a reduction of the premium at the rate of 10 per cent of the minimum premium to the owner of the vehicle which has not caused an accident leading to a claim during the previous insurance year and 15 per cent of the minimum premium to the owner of the vehicle that did not cause an accident leading to a claim during the previous two years, and 20 per cent of the minimum premium to the owner of the vehicle that did not cause an accident leading to a claim during the previous three years.
50,000 per year for health coverage after paying a minimum premium of Rs 2,500 per year.
For the variable premium cost with subcategories minimum premium, moderate premium, and maximum premium, minimum premium was chosen as the reference subcategory.
We have introduced PM Fasal Bima Yojana to ensure maximum protection with minimum premium. We are also ensuring that bus stations in Gujarat are comparable to airports in convenience and cleanliness".
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