Assumed Premium definition

Assumed Premium means Initial Assumed Premium as adjusted by a monthly remittance and bordereau process developed by the Insurer and CITIZENS to account for policy cancellations, return premiums, policyholder requested coverage changes, and Returned Policies after the Assumption Date, with the positive and negative adjustments.
Assumed Premium means the Initial Assumed Premium after being adjusted by the Bordereau Process.
Assumed Premium means the reinsurance premium ceded by a Fronting Insurer to the Segregated Account for reinsurance of the Insurance Program’s risks pursuant to the terms and conditions of one or more Reinsurance Agreements.

Examples of Assumed Premium in a sentence

  • Assumed Premium minus the applicable Ceding Commission shall be reported via the Bordereau Process to the Insurer within 15 days following the end of each month.

  • Over time, the econometric methods used in these studies have become more sophisticated, and the amount of data used to for analysis has increased exponentially.

  • Rf and Rs: Flattest and steepest radius of anterior corneal curvature.

  • Within 15 days of the true-up date at which it is determined that Insurer owes Citizens Assumed Premium paid for Assumed Policies, Insurer will pay the determined amount.

  • At recurring times established by Citizens, a true-up of Assumed Premium will be performed.

  • CPW, APW, DPW and GPW indicate Ceded Premiums Written, Assumed Premium Written, Direct Premiums Written, and Gross Premium Written, respectively.

  • The Government prevailed on the preliminary injunction motion in Hutto with regard to the legal viability of family detention and the inapplicability of the Agreement to adults, and thus there was no reason to appeal.

  • To achieve that goal, we are proposing to redefine “Net Written Premium” to be “Gross Written Premium plus Assumed Premium Less Policy Cancellations” (See Part IX, Surplus Note #1 Section 9).

  • It was promoted as the highest consultative body for priority setting and policy orientation.

  • The village manager disseminates changes to staff and monitors the implementation of changes and adherence to regulatory requirements through audit processes and observation of staff practice.

Related to Assumed Premium