Common use of Basis for Denial Clause in Contracts

Basis for Denial. (Continued) (8) the type of loss incurred or loss experience under the WA indicates the factual basis relied upon to issue the WA or the assigned premium rate is not valid; (9) for WA requests where a rate must be determined for a WA offer, except UC type requests [see Subpara. 72E(4) and 72F(4) for UC rate limits], the base premium rate (excluding options or endorsements) exceeds 0.700 when calculated at the 65 percent coverage level; or Additive Rate: [(Rate Yield/Reference Yield)^Exponent] x Reference Rate + Fixed Rate + Additive Rate (if applicable) Multiplicative Rate: {[(Rate Yield/Reference Yield)^Exponent] x Reference Rate + Fixed Rate} x Multiplicative Rate (if applicable) (10) conditions set forth in Part 3 or Part 4 are not met. 35 WA Experience Determination‌ A. Applicability (1) Subpara. 35B and 35C are applicable to these WA types (see Exh. 6A for WA type code definitions): (a) OP; (b) PE (except Arizona/California grape price elections); (c) RE; (d) SC; (e) SG; (f) SM; (g) TC; (h) TD: (i) TP; (j) UC; and