Net direct premiums definition
Net direct premiums means gross direct written premiums on basic property and casualty insurance in this State less return premiums upon cancelled contracts, irrespective of reinsurance assumed or ceded. [PL 2003, c. 671, Pt. B, §2 (NEW).]
Net direct premiums means gross direct premiums written on bodily injury liability insurance, other than automobile liability insurance, homeowners liability insurance, and farmowners liability insurance, including the liability component of multiple peril package policies, as computed by the director or his designee less return premiums or the unused or unabsorbed portions of premium deposits.
Net direct premiums means gross direct premiums written on bodily injury liability insurance, other than automobile liability insurance, homeowners liability insurance, and farmowners liability insurance, including the liability component of multiple peril package policies, as medical malpractice insurance, medical professional liability insurance, hospital professional liability insurance, and any other type of professional liability insurance covering risks of licensed health care providers and facilities as determined and computed by the director or his designee, less return premiums or the unused or unabsorbed portions of premium deposits. The net‑direct premium calculation does not include premiums written by the association or the South Carolina Patients’ Compensation Fund established pursuant to the provisions of Article 5 of this chapter.
More Definitions of Net direct premiums
Net direct premiums means gross direct premiums written on liability insurance as reported in the annual statements filed by the insurers with the commissioner, including the liability component of multiple peril package policies as computed by the commissioner, less return premiums for the unused or unabsorbed portions of premium deposits.
Net direct premiums means gross direct premiums excluding reinsurance assumed and ceded written on property other than farm or manufacturing in this State for fire and extended coverage insurance, including the fire and extended coverage components of homeowners policy and commercial multiple peril package policies, less return premiums upon canceled contracts, dividends paid or credited to policyholders, or the unused or unabsorbed portion of premium deposits.
Net direct premiums means gross direct premiums written on personal injury liability insurance (as defined in R.I. Gen. Laws § 27-9-2 ) including the liability component of multiple peril package policies as computed by the Director, less all premiums and dividends credited or returned to policyholders or the unused or unabsorbed portions of premium deposits.
Net direct premiums means the direct premiums collected or contracted for on policies or contracts of insurance written by a captive insurer during the preceding calendar year, less the amounts paid to policyholders as return premiums, including dividends on unabsorbed premiums or premium deposits returned or credited to policyholders.
Net direct premiums meansNet direct premiums. – gross Gross direct premiums (excluding reinsurance assumed and ceded) written on property in this State for essential property insurance, farm owners insurance, homeowners insurance, and the property portion of commercial multiple peril insurance policies as computed by the Commissioner, less:
Net direct premiums means gross direct premiums written on liability insurance including the liability component of multiple peril package policies as computed by the superintendent of insurance less return premiums or the unused or unabsorbed portions of premium deposits.
Net direct premiums means gross direct premiums written for Fire, Extended Coverage, and Vandalism/Malicious Mischief insurance (including those components of Homeowners, Mobile and Manufactured Homeowners, and Commercial Multiple Peril Package Policies), excluding premiums for policies that do not include coverage for the peril of wind, return premiums upon cancelled contracts, dividends paid or credited to policyholders on the unused or unabsorbed portion of premium deposits, and premiums on ineligible properties.