Definition of expense constant. Love words? Start your free trial today and get unlimited access to America's largest dictionary, with: More than , words that aren't in our free dictionary Expanded definitions, etymologies, and usage notes Advanced search features Ad free! Join Our Free Trial Now! Learn More About expense constant. Share expense constant Post the Definition of expense constant to Facebook Share the Definition of expense constant on Twitter.
Statistics for expense constant Look-up Popularity. Style: MLA. Get Word of the Day daily email! Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Your Money. Personal Finance. Your Practice. Popular Courses. Personal Finance Insurance. What Is an Expense Constant? Key Takeaways An expense constant is an administrative fee added to some insurance policies. Unlike the monthly premium, the expense constant is not related to the perceived risk of the insurance contract.
In terms of the cost of the fee, some states follow a national advisory board's guidelines and others have their own independent agency that sets rates.
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We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Sample 2. Sample 3. Expense constant means a flat charge included in a workers ' compensation policy to cover the.
Examples of Expense constant in a sentence Expense constant " means a premium charge approved by the superintendent that applies to every policy, in addition to other premium charges, covering expenses such as those for issuing, recording and auditing that are common to all workers' compensation policies regardless of premium size.
Commence Construction means that an owner or operator has either undertaken a continuous program of construction or has entered into a contractual obligation to undertake and complete, within a reasonable time, a continuous program of construction.
Start of construction means the date the permit was issued, provided the actual start of construction, repair, reconstruction, or improvement was within days of the permit date. The actual start means the first placement of permanent construction of the structure such as the pouring of slabs or footings, installation of piles, construction of columns, or any work beyond the stage of excavation, and includes the placement of a manufactured home on a foundation.
NOTE: accessory structures are not exempt from any ordinance requirements. For a substantial improvement, the actual start of construction means the first alteration of any wall, ceiling, floor, or other structural part of a building, whether or not that alteration affects the external dimensions of the building.
Commencement of Construction means to begin or cause to begin, as part of a continuous program, the placement, assembly, or installation of facilities or equipment; or to conduct significant site preparation work, including clearing excavation or removal of existing buildings, structures, or facilities, necessary for the placement, assembly, or installation of facilities; or equipment at a new or expanded animal feedlot or a new, modified, or expanded manure storage area.
The constructional plant means all appliances, tools, plants or machinery or whatsoever nature required in or about the execution, completion or maintenance of the works but does not include materials or other things intended to form part of the permanent work.
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