Net Premiums definition

Net Premiums means the gross premiums (including policy fees) charged on all original and renewal Policies written on behalf of the Company, less return premiums.

Net Premiums means all direct premiums plus reinsurance assumed minus reinsurance ceded, except as otherwise expressly excluded below.

Net Premiums means the balance of gross premium after deduction from the gross premium of any premium paid or payable by an insurer for reinsurance ceded;

Examples of Net Premiums in a sentence

• PLAN agrees to arrange for the provision of health care services for GROUP's Enrollees, as described in the enclosed Evidence of Coverage, in exchange for the Net Premiums received from GROUP.

• Oscar Health Plan of California agrees to arrange for the provision of health care services for GROUP's Enrollees, as described in the Evidence of Coverage, in exchange for the Net Premiums received from GROUP minus the participation fee due to the SHOP.

• FISCAL PROVISIONS Oscar Health Plan of California agrees to arrange for the provision of health care services for GROUP's Enrollees, as described in the Evidence of Coverage, in exchange for the Net Premiums received from GROUP minus the participation fee due to the SHOP.

• The consequences of termination shall include: All Net Premiums and Tax shall be paid to DAS immediately.

• Liability For Net Premiums Written On Or After The Opening of Business.

More Definitions of Net Premiums

Net Premiums means: Premiums received, less any refunds or credits due to the contract holder for cancellations, termination's, changes in coverage, or other issues that would cause CDN, in its sole opinion, to not have earned the premiums received. Premiums do not include administrative or other processing fees charged by CDN.

Net Premiums means Premiums after any adjustments or refunds.

Net Premiums means Gross Premiums reduced by lines 2 through 5:

Net Premiums means the gross premiums (including policy fees) written on all Policies written by Company and reinsured pursuant to this Agreement, less return premiums, commissions, any amounts paid to the Agent under any Agency Agreement, premiums for inuring reinsurance purchased by the Company, and any reasonable, documented, out-of-pocket origination costs and expenses related to the Subject Business not paid by the Agent, including brokerage, agent’s commission, licensing and appointment fees for producers, costs of rate or policy filings, including legal, audit and other expenses thereof, exchange fees, advertising and exchange, consulting fees, agency expenses, costs of inspections and other costs and expenses reasonably related to the origination of such Policies. Net Premiums may be remitted directly from the Agent to the Reinsurer (and the Reinsurer shall not be responsible for any failure of the Agent to so transmit premiums). If Net Premiums are received by the Company, they shall be promptly, and within 15 days after the end of the month in which they are received (or with respect to the first such payment, the first month ending after the execution and delivery of this Agreement in respect of the period since November 1, 2020 to such month end), remitted to the Reinsurer in cash by wire transfer.

Net Premiums means in relation to any valuation, the premiums for which credit is taken in the valuation;

Net Premiums means premiums each of such an amount that, if all premiums payable under the life policy concerned had been net their value, capitalised on the on which the liability of the long-term insurer under such policy commenced, would have the capitalised the policy excluding any bonus,

Net Premiums means the gross premiums paid or payable under a contract of insurance, less dividends received or receivable in respect of the contract and less premiums returned on cancellation of the contract.