Earned Premiums definition

Earned Premiums means premiums, as defined in RCW 48.43.005, plus any rate credits or recoupments less any refunds, for the applicable period, whether received before, during, or after the applicable period.

Earned Premiums means the premiums relating to the risk covered by the insurance or reinsurance undertaking during a specified time period;

Earned Premiums means earned premiums at prima facie rates and earned premiums at rates in use.

Examples of Earned Premiums in a sentence

• Earned premiums are for the period from January 1, 2011 to December 31, 2013, less any premiums earned in 2013 that are to be deferred to the plan year 2014 calculation.

• Earned premiums do not include any adjustment for assessments or taxes.

• Earned premiums are for the period from January 1, 2012 to December 31, 2012, plus any earned premiums deferred from the plan year 2011 calculation, less any premiums earned in the 2012 plan year that are to be deferred to the plan year 2013 calculation.

• Earned premiums are for the period from January 1, 2011 to December 31, 2011, less any premiums earned in the 2011 plan year that are to be deferred to the plan year 2012 calculation.

• Earned premiums, net of amounts ceded for reinsurance are recorded under income from insurance operations in the accompanying consolidated statement of profit or loss.Premium received for an investment contract, is not recognised as revenue.

More Definitions of Earned Premiums

Earned Premiums means Direct Premiums Earned, as that term is used in the A.M. Best annual report currently known as the “A2 Report;” and

Earned Premiums means gross premiums written in such Accounting Period plus any decrease or minus any increase in the provision for unearned premiums over such Accounting Period, as described in item II.1 of the Statutory Format and the notes thereto. In calculating the gross premiums written in any Accounting Period there shall be deducted the outward reinsurance premiums paid in such Accounting Period. To the amount of any increase in the provision for unearned premiums over such Accounting Period there shall be added any decrease or there shall be subtracted any increase, over such Accounting Period, in the amount of the unearned reinsurance premiums paid by the Company. To the amount of any decrease in the provision for unearned premiums over such Accounting Period, there shall be added any increase, or there shall be subtracted any decrease, over such Accounting Period, in the amount of the unearned reinsurance premiums paid by the Company. In calculating the gross premiums written, full account shall be taken of the effect of cancellations notified in such Accounting Period and of any other arrangement under which a policy is terminated in such Accounting Period;

Earned Premiums means gross written premiums minus refunds on terminations, with this result adjusted for the change in unearned premium reserve.

Earned Premiums means, in relation to a specified time period, the premiums relating to the risk covered by the insurance or reinsurance undertaking in that time period;

Earned Premiums means Direct Premiums Earned, as that term is used in the A.M. Best annual report currently known as the “A2 Report”;

Earned Premiums means earned premiums as defined by generally accepted accounting principles, consistently applied.

Earned Premiums means the direct voluntary earned premiums on the Policies to the extent such Policies are used as the basis for the calculation of the License Fee pursuant to Section 4.1(a)(i) and 4.1(a)(ii) of the Distribution and License Agreement, excluding all direct voluntary earned premiums which would be excluded from such calculation pursuant to the terms thereof.