Net Premium definition

Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.
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Net Premium means the level por- tion of the gross premium used in cal- culating the additional reserve. On the day the policy is issued, the present value of the series of those portions equals the present value of the ex- pected incurred claims over the period that the gross premiums are computed to provide coverage.
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Net Premium means premium derived from standard premium adjusted by any advance premium discounts.
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Examples of Net Premium in a sentence

  • Allocations include Net Premium payments, transfers and loan repayments.

  • On the Allocation Date (or on the date such Net Premium is received, if later), we will reallocate the amount in the current money market Investment Account attributable to any such Net Premium in accordance with the allocation instructions then in effect.

  • The initial Net Premium (the initial premium reduced by a premium expense charge) will be allocated automatically to the Declared Interest Option as of the Policy Date.

  • The payment may include the Policy Premium and a permitted unscheduled payment amount, but only the Net Premium amount will be allocated among the Variable Investment Options and the Fixed-Rate Option.

  • On any Business Day that the Company credits Net Premiums or transfers Policy Value to an Investment Account, the Company will convert the dollar amount of the Net Premium (or transfer) into Investment Account Units.


More Definitions of Net Premium

Net Premium. The Net Premium is equal to the actual premium minus the percent of premium charge. The percent of premium charge is shown on the Policy Data Page. The Company may at its sole discretion apply a lower percent of premium charge.
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Net Premium shall have the meaning specified in Section 4.1(b).
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Net Premium means the balance of the gross premium after deduction therefrom of any premium paid or payable by the insurer for reinsurance ceded;
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Net Premium means the amount of the Coverage pre- mium reduced by the amount of the Premium Benefit provided by the ASRS.
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Net Premium means Gross Premium after deduction of Commission.
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Net Premium means actual manual premium paid in each fund year by each member to the Group modified by the experience modification factor (as calculated according to the Workers’ Compensation Rating and Inspection Bureau of Massachusetts experience modification formula) plus or minus the discount amount, as the case may be. Final premium may be greater that net premium.
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Net Premium means the premium paid less the percent of premium charge.
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