Examples of Earned premium in a sentence
Earned premium shall be computed and charged on every binder, policy or contract cancelled after the inception date in accordance with the cancellation provision of the applicable contract and/or rules of the Insurer.
Earned premium is to be reported on a direct basis except as provided in paragraph (b) of this section.
Earned premium for any period of coverage that extends beyond the expiration date shall be considered pro rata based upon the previous year's rate.
Earned premium means all monies paid by a policyholder or subscriber as a condition of receiving coverage from the issuer, including any fees or other contributions associated with the health plan.
Earned premium = premiums collected + change in due and uncollected – change in unearned and advance premium.