Adjustable Premium

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Adjustable Premium

A premium on an insurance policy that the insurer may alter. The premium may go either down or up, at least to a certain, stated limit. The premium may be adjusted depending on a change to the policyholder's life expectancy, the returns on the investments made with the premiums, and other factors.
References in periodicals archive ?
Release date- 30072019 - Mark Farrah Associates (MFA), www.markfarrah.com, examined trends in membership, claims incurred PMPM (per member per month), adjusted premium PMPM, and MLR (Medical Loss Ratio) for the Individual and Small Group comprehensive segment leaders.
During this period, Max Life reported Individual Adjusted Premium Equivalent (APE) of Rs 1,405 Cr., growing an impressive 26%.
This translates to the first 10 years being protected, and, barring a critical illness or a death claim, will continue to cover a person for the succeeding 10 at an adjusted premium rate.
The APE (adjusted premium equivalent) of private life insurers increased 14% year-on-year (y-o-y) to 24,112 crore for the period.
The dependent variable in each model is sales-weighted industry- adjusted premium growth, as described in Equation (6).
At the Fernandina forum in San Juan City on Wednesday, Rodolfo del Rosario Jr., officer in charge of the PhilHealth's corporate communications unit said that adjusted premium contributions would cover those earning P8,000 and below, the informal sector, and land-based overseas Filipino workers.
The problem posed is that it does not provide an adjusted premium, either express or implied.
(29) If the new plan is introduced at the median actuarially adjusted premium as we would expect, we estimate about a 1 percent increase in purchase probabilities among persons older than 65 and virtually no change for younger persons.
Lower than expected claims produced a retrospectively adjusted premium of only $55,000.
Table 4 Premium Adjustments to Remove Impact of Non-Drug Benefits: 2000 Plan Adjustment Plan H to Plan C Plan H Premium $2,428 Part B Deductible -110 Adjusted Premium 2,538 Plan C Premium 1,564 Premium Attributable to Drug Coverage 974 Plan I to Plan D Plan I Premium $2,382 Physician Excess Charge--High -3 Adjusted Premium 2,379 Plan D Premium 1,425 Premium Attributable to Drug Coverage 954 Plan J to Plan E Plan J Premium $2,665 Part B Deductible -110 Physician Excess Charge--High -3 At-Home Recovery -2 Adjusted Premium 2,550 Plan E Premium 1,419 Premium Attributable to Drug Coverage 1,131 SOURCE: Actuarial estimates and data provided by Florida, Missouri, New York, Texas, and Washington, 2001.
Moreover, farmers may enjoy, in some slaughter-related conditions, a premium on top of the special one: that is, a seasonally adjusted premium graded from Euro 18.11 to 72.45 per animal slaughtered, depending on the time of the year.Introduced in 1980, but amended several times, the suckler cow premium is designed for farmers who do not deliver milk nor milk products, or their milk product is equal to or less than 120,000 kg.
People will likely respond to this increase in the net price by decreasing the amount of coverage by 4.7% (equal to .7 times 6.7%) to yield an adjusted premium of $11,683 and, in turn, an additional $593 excise tax (equal to 40% of the $1,483 difference between $11,683 and the $10,200 excise tax threshold).