Net earned premium means the premiums earned in this State
Net earned premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract.
Net earned premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends paid or accrued.
Examples of Net earned premium in a sentence
Net earned premium" as used herein shall mean gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract.
Net earned premium for the industry in the year ended 30 June 2016 was $30.2 billion, of this, direct insurers wrote $28.6 billion (94.4 per cent)1.
Net earned premium growth was also driven by acquisition activity.
SCRCAT_recession_ratio_net * Net earned premium including a dampening mechanism based on the net loss ratio of the undertaking.
Combined ratio = Claims and expenses: Net earned premium It measures the ability of the company to meet the policyholders’ claims when they occur and the day today expenses of running the company (Poposki 2007).
More Definitions of Net earned premium
Net earned premium as used herein is defined as the Company's gross earned premium collected on the classes of business subject to this Contract, less only the earned portion of premiums, if any, ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends incurred.
Net earned premium as used herein is defined as the Company’s gross earned premium for the classes of business subject to this Contract, adjusted for experience modification, discounts, credits, surcharges, expense constants and deductible credits, plus or minus the Reinsurer’s pro rata share of any premium arising from audit adjustments, minus cancellation and return premium, minus premiums paid for facultative reinsurance which inures to the benefit of this Contract.
Net earned premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract. For purposes of calculating net earned premium, for multiple peril policies with indivisible premiums, if any, 80.0% of the total Homeowners basic policy premium and 70.0% of the total basic Commercial Multiple Peril policy premium shall be considered subject premium.
Net earned premium means gross earned premium of the Company for the business reinsured hereunder, less cancellations and return premiums, and less earned premiums ceded by the Company for other reinsurance as provided in the OTHER REINSURANCE ARTICLE.
Net earned premium means the Net Written Premium of the Company's Business Covered less the unearned premium reserve at the respective date of calculation.
Net earned premium means the premiums earned in this State on health benefits plans, less return premiums thereon and dividends paid or credited to policy or contract holders on the health benefits plan business. Net earned premium shall include the aggregate premiums earned on the carrier's insured group and individual business and health maintenance organization business, including premiums from any Medicare, Medicaid, or NJ FamilyCare contracts with the State or federal government, but shall not include premiums earned from contracts funded pursuant to the "Federal Employee Health Benefits Act of 1959," 5 U.S.C. ss.8901-8914, any excess risk or stop loss insurance coverage issued by a carrier in connection with any self insured health benefits plan, or Medicare supplement policies or contracts.
Net earned premium means Direct Earned Premium of RRC for any Test Period net of Ceded Earned Premium of RRC for such Test Period.