Ceded Earned Premium definition
Ceded Earned Premium means all revenue recognized during the period of measurement for written insurance contracts that have been reinsured to a third party during the period of measurement as determined in accordance with SAP.
Examples of Ceded Earned Premium in a sentence
The Company shall pay the Ceded Earned Premium, net of Ceding Commission, plus Fee Income, simultaneous with the sending of the Loss Report.
If the Company fails to pay Ceded Earned Premium when due to the Reinsurer, the Reinsurer shall promptly notify the Company in writing of the balance due.