Ballentine's law dictionary. Anderson, W.S.. 1998.
gross premium — Net (insurance) premium plus loading for expenses and contingencies; i.e., the net premium represents the cost of insurance. Fox v. Mutual Ben. Life Ins. Co., C.C.A.Mo., 107 F.2d 715, 719 … Black's law dictionary
gross premium — Net (insurance) premium plus loading for expenses and contingencies; i.e., the net premium represents the cost of insurance. Fox v. Mutual Ben. Life Ins. Co., C.C.A.Mo., 107 F.2d 715, 719 … Black's law dictionary
gross premium — /grəυs pri:miəm/ noun the total premium paid by a policyholder before any tax relief or discount is taken into account … Dictionary of banking and finance
gross premium — noun : the sum of the net premium in insurance and the load … Useful english dictionary
premium — pre·mi·um / prē mē əm/ n 1: the difference between the face value or par value of a security and its market price when the latter is greater compare discount 2: the price paid for an insurance contract equal to the cost per unit times the number… … Law dictionary
premium — consideration paid for an insurance policy. Glossary of Business Terms (1) The additional payment allowed by exchange regulation for delivery of higher than required standards or grades of a commodity against a futures contract. (2) In speaking… … Financial and business terms
premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… … Black's law dictionary
Gross premiums written — When a non life insurance company closes a contract to provide insurance against loss, the revenues (premiums) expected to be received over the life of the contract are called gross premiums written. Insurance companies often purchase reinsurance … Wikipedia
premium — Synonyms and related words: Trinkgeld, abatement, agio, allowance, appreciation, at a premium, award, bait, bank discount, bank rate, bonus, bonus system, bounty, breakage, bribe, carrot, cash discount, chain discount, charge off, come on,… … Moby Thesaurus
Net premium valuation — A Net Premium Valuation is an actuarial calculation, used to place a value on the liabilities of a life insurer. Background It involves calculating a present value for the contractual liabilities of a contract, and deducting the value of future… … Wikipedia
