Single premium or limited payment plans are often used, or additional funds can be placed in a prepaid premium
account (also referred to as a "premium deposit fund").
In evaluating the insurer's position in the one-year/three-year tradeoff, we have considered three potential economic benefits to the insurer from entering into multiple-year contracts: interest on prepaid premium, reduced administrative costs and single aggregate limit.
Interest on prepaid premium: Since the entire three-year premium is generally paid up front, insurers receive the benefit of increased investment income on the second- and third-year premiums.
The technique uses reverse split dollar with a prepaid premium
account to solve each problem encountered by the stock redemption candidate while maximizing the business contributions.
* The organization offers a new product that offers substantial efficiencies (e.g., guaranteed comprehensive physician services for a prepaid premium
Health Maintenance Organization (HMO): A health plan that combines coverages of health-care costs and delivery of health care for a prepaid premium
. Members receive services from individuals employed by or under contract to the HMO.
The court also focused on the fact that the IPA model HMO offers services different from traditional fee-for-service services and creates a new product that the court described as "guaranteed comprehensive physician services for a prepaid premium
." The court next analyzed the alleged price-fixing scheme under the rule of reason to determine its reasonableness.
The temporary regulations provide guidance to reporting entities receiving premiums, including prepaid premiums
, for mortgage insurance and reflect changes to the law made by the Tax Relief and Health Care Act of 2006, EL.
North Carolina Attorney General Roy Cooper charged that The Associates added expensive prepaid premiums
to the loans without homeowners' knowledge or understanding, and then financed those premiums at high interest rates over the life of the loan.
If you hold a policy that prepaid premiums
for several years, take a few minutes to review your policy with your insurance agent.
In 1985, the trustees canceled the Fund's GILICO policies and requested a refund of the policies' cash values and the unearned and prepaid premiums
. The Fund then bought a $25,000 universal life policy from American General Life Insurance Company (AGLIC) for each participant.