Net earned premiums definition
Net earned premiums of an insurer means the portion of the written premium equal to the expired portion of the time for which insurance or reinsurance was in effect.
Net earned premiums means the portion of Net Written Premiums during or prior to a given period which is actually earned during such period, as determined in accordance with GAAP;
Net earned premiums means with respect to any Insurance Subsidiary at any time, the Net Written Premiums written by such Insurance Subsidiary relating to that portion of the term of its insurance policies which fall within a given period as shown in the case of an Insurance Subsidiary domiciled in the United States on line 34, page 7, Part 2, column 4 of the Annual Statement of such Insurance Subsidiary or on the equivalent line of the Annual Statement in respect of Insurance Subsidiaries not domiciled in the United States, or the amount determined in a consistent manner for any date other than a date as of which an Annual Statement of such Insurance Subsidiary is prepared.
Examples of Net earned premiums in a sentence
Employee Benefits Segment - Net earned premiums and other considerations of the Group disability single premiums for closed blocks, All other group disability premiums, and Group life product lines CIGNA Corporation Disability and Life Segment – Premiums and fees of the Life and Disability product lines The Hartford Financial Services Group, Inc.
More Definitions of Net earned premiums
Net earned premiums means the portion of Net Written Premiums during or prior to a given period which is actually earned during such period. NET WRITTEN PREMIUMS means the total of all premiums received or to be received for insurance underwritten and reinsurance assumed during a given period less the total premium paid or to be paid for reinsurance ceded to others during such period. NOTES shall have the meaning assigned to such term in SECTION 2.5 hereof.
Net earned premiums means with respect to any Insurance Subsidiary at any time, the Net Written Premiums written by such Insurance Subsidiary relating to that portion of the term of its insurance policies which fall within a given period as shown in the case of an Insurance Subsidiary domiciled in the United States, Part 1, line 34, column 4 (as at the Closing Date) of the Annual Statement in respect of such Insurance Subsidiary or on the equivalent line (as at the Closing Date) of the Annual Statement in respect of Insurance Subsidiaries not domiciled in the United States, or the amount determined in a consistent manner for any date other than a date as of which an Annual Statement of such Insurance Subsidiary is prepared.
Net earned premiums means earned premiums on insurance to which this Agreement applies, net of ceded reinsurance other than this Agreement.
Net earned premiums means the portion of Net Written Premiums during or prior to a given period which is actually earned during such period, as determined in accordance with statutory accounting standards. Net Written Premiums means the total of all premiums received or to be received for insurance underwritten and reinsurance assumed during a given period less the total premium paid or to be paid for reinsurance ceded to others during such period, as determined in accordance with statutory accounting standards. Notes means the promissory notes of Borrower evidencing the Loans, in the form of Exhibit C hereto, together with all renewals, extensions, modifications, amendments, increases and/or and replacements thereof and substitutions therefor.