Direct premiums written definition

Direct premiums written means standard written Michigan workers' compensation premium prior to the application of deductible credits, as reported to the designated advisory organization, through policy declarations and unit statistical reports compiled pursuant to the authority in section 2407 of the insurance code of 1956, 1956 PA 218, MCL 500.2407. For the purposes of determining assessments under this section, the reported data for the most recent full calendar year on file with the designated advisory organization shall be used.
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Direct premiums written means standard written Michigan workers' compensation premium prior to the application of deductible credits, as reported to the designated advisory organization, through policy
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Direct premiums written means the amount of medical professional liability insurance premiums written by the Company and its Subsidiaries on a direct basis during a Measurement Period, as reflected in the Financial Statements in respect of such Measurement Period, excluding, however, any premiums in respect of the Company’s Advocate IP product or otherwise not comprising medical professional liability insurance, and shall include any written premium for which the Company and its Subsidiaries are credited pursuant to the provisions of Section 2.6.4 hereof.
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Examples of Direct premiums written in a sentence

  • Direct premiums written in this state do not include any amounts that represent claims payments that are made on behalf of, or administrative fees that are paid in connection with, any administrative service contract, cost-plus arrangement, or any other noninsured or self-insured business.

  • Direct premiums written increased 4% reflecting higher premiums, partly offset by a 1% decline in written insured risks.

  • Direct premiums written growth in personal property slowed to 3%, reflecting increases in rates and amounts insured, which was offset by a change in mix and a reduction of units.

  • Direct premiums written gained momentum in the second half of the year, resulting in 2.7% growth year over year after excluding pools and AGR (defined in Section 2.1).• The 2.7% increase in direct premiums written was driven by a 3.3% increase in the number of written insured risks.

  • Direct premiums written in calendar year 2012 totaled $109,323, none of which was written in New York State.

  • Direct premiums written were up $84.9 million, or 9.2%, in Q3 05 compared to Q3 04 and $307.0 million, or 11.4%, in YTD 05 compared to YTD 04 primarily due to the acquisition of Allianz.

  • Direct premiums written increased 1% versus the same period in 2010, reflecting the slower growth in our direct businesses, notably in Ontario.

  • Direct premiums written (corporate business) increased 40.2 % year-on-year to EUR 186.15 million.

  • Direct premiums written (corporate business) increased 15.55 % year-on-year to EUR 98.28 million.

  • Six Months Ended June 30, 2016 Compared to Six Months Ended June 30, 2015 The following summarizes our results for the six months ended June 30, 2016 and 2015: Premiums Direct premiums written grew by $1.03 million, or 4.2%, from the six months ended June 30, 2016 as compared to the same period of 2015, while net written premium grew slightly faster, increasing by $1.04 million, or 5.0%, during the same period.


More Definitions of Direct premiums written

Direct premiums written means the total amount of direct premiums written, assessments and annuity considerations as reported for the taxable year on the annual statement filed by the company with the Illinois Director of Insurance in the form approved by the National Convention of Insurance Commissioners (currently known as the National Association of Insurance Commissioners) or such other form as may be prescribed in lieu of the National Association of Insurance Commissioners form.
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Related to Direct premiums written

  • Applicable Policies means the policies, bylaws, directives, regulations, guidelines, codes of conduct, rules, systems and procedures of AHS listed in Schedule “F” attached.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Direct Patient Care means the provision of health care services provided directly to individuals being treated for or suspected of having physical or mental illnesses. Direct patient care includes both, face-to-face and telehealth-based preventative care and first-line supervision.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Prepayment Premium Period means the period during which, if a prepayment of principal occurs, a prepayment premium will be payable by Borrower to Lender. The Prepayment Premium Period is the period from and including the date of this Note until but not including the first day of the Window Period.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Applicable Policy means any rules, policies, directives, standards of practice or Program Parameters issued or adopted by the Funder, the Ministry or other ministries or agencies of the province of Ontario that are applicable to the HSP, the Services, this Agreement and the parties’ obligations under this Agreement during the term of this Agreement. Without limiting the generality of the foregoing, Applicable Policy includes the other documents identified in Schedule C;

  • Write-Down Amount means, for any Collection Period for any 180-day Receivable or Repossessed Receivable, the excess of (a) the Principal Balance plus accrued and unpaid interest of such Receivable as of the last day of the Collection Period during which such Receivable became a 180-day Receivable or Repossessed Receivable, as the case may be, over (b) the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures for the related Collection Period, which amount may be adjusted to zero by the Servicer in accordance with its normal servicing procedures if such Receivable has ceased to be a 180-day Receivable as provided in the definition of “180-day Receivable.”

  • Construction-manager-at-risk means a project delivery method in which:

  • Operating Instructions means the operating procedures, steps, and instructions for the operation of the Interconnection Facilities established from time to time by the Coordination Committee or the PJM and NYISO individual procedures and processes and includes changes from time to time by the Coordination Committee to such established procedures, steps and instructions exclusive of the individual procedures.

  • Required Insurances means collectively the Project Facility Insurances and the Contractor Insurances.

  • Crew Insurances means insurances against crew risks which 23 shall include but not be limited to death, sickness, repatriation, 24 injury, shipwreck unemployment indemnity and loss of personal 25 effects. 26

  • Prepayment Charges Any prepayment premium or charge payable by a Mortgagor in connection with any Principal Prepayment on a Mortgage Loan pursuant to the terms of the related Mortgage Note or Mortgage, as applicable.

  • Collection site means the location of waste containers on collection day.

  • Basic Comprehensive User Guide means the Ministry document titled Basic Comprehensive Certificates of Approval (Air) User Guide” dated April 2004 as amended.