Net book premium definition

Net book premium means the premium amount established by FCIC for eligible crop insurance contracts in accordance with section 508(d)(2) of the Act (7 U.S.C. § 1508(d)(2)), less any amount for A&O subsidy.
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Net book premium means the premium amount established by FCIC for eligible livestock price insurance contracts in accordance with section 508(d)(2) of the Act (7
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Net book premium means the total premium as determined in section IV.B.7. calculated for all eligible livestock price insurance contracts, less A&O subsidy, cancellations, adjustments and administrative fees.
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More Definitions of Net book premium

Net book premium means the premium calculated in accordance with
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Net book premium means the total premium calculated for all eligible crop insurance contracts, less A&O subsidy, cancellations, and adjustments.
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Net book premium means the premium calculated in accordance with section IV.(b)(8) totaled for all eligible crop insurance contracts, less A&O subsidy, CAT LAE, cancellations, adjustments, and administrative fees.
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Net book premium means total premium payable by the policyholder plus the FCIC premium subsidy, less cancellations and adjustments.
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Related to Net book premium

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Present Fair Saleable Value means the amount that could be obtained by an independent willing seller from an independent willing buyer if the assets (both tangible and intangible) of the applicable Person and its subsidiaries taken as a whole are sold on a going-concern basis with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business enterprises insofar as such conditions can be reasonably evaluated.