{"id":7531,"date":"2020-02-04T08:10:28","date_gmt":"2020-02-04T07:10:28","guid":{"rendered":"https:\/\/www.prismalife.com\/prismawiki\/premium-payer\/"},"modified":"2020-02-04T08:10:28","modified_gmt":"2020-02-04T07:10:28","slug":"premium-payer","status":"publish","type":"encyclopedia","link":"https:\/\/www.prismalife.com\/en\/prismawiki\/premium-payer\/","title":{"rendered":"Premium Payer"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.prismalife.com\/en\/prismawiki\/premium-2\/\" target=\"_self\" title=\"Payment by the policyholder for the insurance cover. A distinction is made between first premium and subsequent premium. Initial premium: Premium where the payment brings the insurance cover into effect, unless provisional cover has been granted or retroactive cover has been agreed (material commencement of insurance). If the initial premium is not paid on time,&hellip;\" class=\"encyclopedia\">premium<\/a> payer is the person who pays the agreed insurance <a href=\"https:\/\/www.prismalife.com\/en\/prismawiki\/premium-2\/\" target=\"_self\" title=\"Payment by the policyholder for the insurance cover. A distinction is made between first premium and subsequent premium. Initial premium: Premium where the payment brings the insurance cover into effect, unless provisional cover has been granted or retroactive cover has been agreed (material commencement of insurance). If the initial premium is not paid on time,&hellip;\" class=\"encyclopedia\">premium<\/a>. The <a href=\"https:\/\/www.prismalife.com\/en\/prismawiki\/premium-2\/\" target=\"_self\" title=\"Payment by the policyholder for the insurance cover. A distinction is made between first premium and subsequent premium. Initial premium: Premium where the payment brings the insurance cover into effect, unless provisional cover has been granted or retroactive cover has been agreed (material commencement of insurance). If the initial premium is not paid on time,&hellip;\" class=\"encyclopedia\">premium<\/a> payer may be identical with the <a href=\"https:\/\/www.prismalife.com\/en\/prismawiki\/policyholder\/\" target=\"_self\" title=\"The parties to an insurance contract are the insurer on the one hand and the policyholder on the other. Both, natural and legal persons are eligible as policyholders.\" class=\"encyclopedia\">policyholder<\/a> but does not have to be. In the case of tax-privileged contracts (so-called Riester and basic pensions), payment of the <a href=\"https:\/\/www.prismalife.com\/en\/prismawiki\/premium-2\/\" target=\"_self\" title=\"Payment by the policyholder for the insurance cover. A distinction is made between first premium and subsequent premium. Initial premium: Premium where the payment brings the insurance cover into effect, unless provisional cover has been granted or retroactive cover has been agreed (material commencement of insurance). If the initial premium is not paid on time,&hellip;\" class=\"encyclopedia\">premium<\/a> by third parties is generally not possible. If a third person pays the premiums, he or she does not acquire any rights from the insurance contract.<\/p>","protected":false},"author":1,"template":"","encyclopedia-category":[],"encyclopedia-tag":[],"class_list":["post-7531","encyclopedia","type-encyclopedia","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/encyclopedia\/7531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/encyclopedia"}],"about":[{"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/types\/encyclopedia"}],"author":[{"embeddable":true,"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/users\/1"}],"version-history":[{"count":0,"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/encyclopedia\/7531\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/media?parent=7531"}],"wp:term":[{"taxonomy":"encyclopedia-category","embeddable":true,"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/encyclopedia-category?post=7531"},{"taxonomy":"encyclopedia-tag","embeddable":true,"href":"https:\/\/www.prismalife.com\/en\/wp-json\/wp\/v2\/encyclopedia-tag?post=7531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}