Change in Regular Premium Sample Clauses

The 'Change in Regular Premium' clause defines the conditions under which the amount of regular premium payments for an insurance policy may be altered. Typically, this clause outlines the process for increasing or decreasing premium amounts, such as requiring advance notice to the insurer or policyholder, and may specify any limitations or frequency of such changes. Its core practical function is to provide flexibility for both parties to adjust premium payments in response to changing financial circumstances, while ensuring that the terms for such adjustments are clear and agreed upon.
Change in Regular Premium. You may request for a change in regular Premium, subject to Our approval. An increase in regular Premium is allowed at any time. A decrease in regular Premium is only allowed starting from the sixth (6th) policy year. The change in regular Premium is subject to the minimum and maximum regular Premium requirements set by Us and shall take effect from the next premium due date.
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Change in Regular Premium. An increase in regular Premium is not allowed. While the Policy is in force, You may request for a decrease in regular Premium after 3 years of Premiums have been paid to Us i.e. 36 monthly, 12 quarterly, 6 half-yearly or 3 annual Premiums, subject to the following: • the minimum regular Premium requirement set by Us; and • the decrease in regular Premium must not be more than 25% of the original regular Premium amount chosen at the Policy issue date. Start-up Bonus recovery charge will apply when You decrease Your Policy’s regular Premium. Please refer to the Fees and Charges section for the Start-up Bonus recovery charge. The change in regular Premium shall take effect from the next premium due date.
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Related to Change in Regular Premium

  • DEDUCTION FROM SALARY A. The Board agrees to deduct from the salaries of its employees dues for the Flemington-Raritan Education Association, Hunterdon County Education Association, the New Jersey Education Association, and the National Education Association, as said teachers individually and voluntarily authorize the Board to deduct. Said deductions shall be made in compliance with N.J.S.A. 52-14-15.9(e) and under rules established by the State Department of Education. Said moneys, together with records of any corrections, shall be transmitted to the Treasurer of the Flemington-Raritan Education Association by the 15th of each month following the monthly pay period in which deductions were made. Upon termination of employment of any teacher, the disbursing officer shall deduct any remaining amount due for that current school year. The Association Treasurer shall disburse such moneys to the appropriate association or associations. Teacher authorizations shall be in writing in the form set forth: Name Soc. Sec. # School Bldg. District To: Disbursing Officer Board of Education I hereby request and authorize the above-named disbursing officer to deduct from my earnings an amount sufficient to provide for the payment of those yearly membership dues, as certified by the organizations indicated, in equal monthly payments for all or part of the current school year and for the succeeding school year. I understand that the disbursing officer will discontinue such deductions only if I file such notice of withdrawal which shall be effective to halt deductions as of the January 1st or July 1st date. I also agree that upon termination of employment, the disbursing officer shall deduct any remaining amount due for that current school year. I hereby waive all right and claim for said moneys so deducted and transmitted in accordance with this authorization, and relieve the governing Board and all its officers from any liability thereof. I designate the Flemington-Raritan Education Association to receive dues and distribute according to the organizations named: Flemington-Raritan Education Association $ Hunterdon County Education Association $ New Jersey Education Association $ National Education Association $ B. The Association shall certify to the Board, in writing, the current rate of its membership dues. C. Additional authorizations for dues deductions may be received after August 1st under rules established by the State Department of Education. D. The filing of notice of teacher’s withdrawal shall be prior to December 1st to become effective to halt deductions as of January 1st, and June 1st to become effective to halt deductions July 1st next succeeding the date on which notice of withdrawal is filed. By September 15th of each school year, upon request of a teacher, any portion of the teacher’s salary, as designated, shall be deducted semi-monthly and forwarded monthly to the Hunterdon County School Employees Federal Credit Union in that teacher’s name.