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 do not include any adjustment for assessments or taxes.

• Earned premiums comprise the premiums attributable to the accounting period – premiums written during the year adjusted by change in unearned premiums reserve for the relative period.Outward reinsurance premiums represent the share of premiums written in the accounting period, which was subject to reinsurance and adjusted by the change in unearned premiums technical provision.

• Earned premiums for projection years 2018 through 2098 are developed by multiplying each prior period’s earned premium (starting with December 31, 2017 actual earned premium) by a persistency factor.

• 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.

• Earned premiums, all of which arise in the United Kingdom, represent premiums from policyholders for the year, excluding insurance premium tax, and include an estimate of amounts due but not received at 31 December.

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

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 the portion of the premium paid in