After searching liens and claims against the piece of art as well as researching its provenance, the company makes a risk assessment and decides on a one-time premium for the piece.
The issue of expensiveness of yearly premium for subscribing to the NHIS was one of the reasons in 2008, prior to the general elections in Ghana, and still dominating debates in the country, a one-time premium payment on the scheme became a major issue of debate among the various contesting political parties, with the National Democratic Congress NDCC) proposing its adoption.
For each site, the local partner pays a one-time premium and a royalty fee based on site content that the partner sells.
Donors can make a one-time premium payment or opt to pay an annual premium, typically over a 10-year period.
Citadelle paid its more than 2,000 member farms a one-time premium last year to offset the financial loss, but income still dropped 33percentt.
A recent heating oil insurance advertisement promised to cap prices at $1.39 a gallon for a one-time premium of $145.
The buyer pays a one-time premium, ranging from 1 percent of the price to 5 percent or 6 percent, for artworks with gaps in provenance around World War II, when many works were seized from collectors or sold under duress.
The major argument against this policy by opposing political parties, including the New Patriotic Party NPPP), is, however, the fact that a one-time premium would mean subscribers paying huge sums of money, which in itself, defeats the purpose of introducing such a policy in the first place; to reduce the cost of paying for the scheme by subscribers.
A one-time premium payment (OTPP) system was proposed to achieve this policy objective.
Although the detailed interviews with stakeholders allow us to distill that the underlying debate relates to contestation between these two alternative financing approaches [ 8], the public face of the debate focuses on the confusion created by the name given to the policy proposal, in the sense that most stakeholders are asking "what does a one-time premium payment mean".
Some, mainly politicians of the ruling party, civil society organisations and the population outside the formal employment sector, argue that a one-time premium should require Ghanaians to pay a once-off token amount that is not significantly higher than the current annual premium level, in order to benefit freely from health care for their entire lifetime.
