Premiums earned definition
Premiums earned as used herein shall mean ceded unearned premiums at the beginning of the contract year under consideration, plus ceded net written premiums during the contract year, less ceded unearned premiums at the end of the contract year.
Premiums earned as used herein shall mean ceded net written premiums for policies with effective or renewal dates during the adjustment period, less the unearned portion thereof as of the effective date of calculation, it being understood and agreed that all premiums for policies with effective or renewal dates during an adjustment period shall be credited to that adjustment period, unless this Agreement is terminated on a "cutoff" basis, in which event the unearned reinsurance premium (less previously allowed ceding commission) as of the effective date of termination shall be returned by the Reinsurer to the Company.
Premiums earned means, with regards to any adjustment period, ceded net written premiums for Policies with effective or renewal dates during the adjustment period, less the unearned portion thereof as of the effective date of calculation, it being understood and agreed that all premiums for Policies with effective or renewal dates during an adjustment period shall be credited to that adjustment period.
Examples of Premiums earned in a sentence
Regardless of these terminations, Cedent will continue to be liable to Reinsurer for all unpaid Reinsurance Premiums earned by Reinsurer.
Premiums earned for the Agreement Year shall mean all written premium ceded to this Agreement Year (less cancellations and returns) plus the unearned premium reserve at the beginning of the Agreement Year and less the unearned premium reserve at the end of the Agreement Year.
Premiums earned are calculated as follows: premiums written minus the change (less increase or plus decrease) in the reserves for premiums earned.
Regardless of these terminations, you will continue to be liable to us for all unpaid Reinsurance Premiums earned by us.
Premiums earned increased, as a percentage of total revenue, from 7.7% in 1998 to 9.0% in 1999.
More Definitions of Premiums earned
Premiums earned means ceded Net Subject Written Premium Income for Policies with effective or renewal dates during the Contract term, less the unearned portion thereof as of the effective date of calculation or, if this Contract is terminated on a “cutoff” basis, at the time of termination.
Premiums earned as used herein shall mean ceded unearned premiums at the beginning of the accounting period, plus ceded net written premiums during the period, less ceded unearned premiums at the end of the period.
Premiums earned means the premiums, less experience cred- its, refunds or dividends, applicable to an accounting period whether received before, during or after such period.
Premiums earned means the premiums, less experi- ence credits, refunds or dividends, applicable to an account- ing period whether received before, during or after such period.
Premiums earned as used herein shall mean the ceded written premiums for policies (or endorsements) allocated to the accounting period, less the unearned portion thereof as of the effective date of calculation, it being understood that all premium from policies (or endorsements) allocated to an accounting period shall be credited to that accounting period, unless this Contract is terminated on a "cutoff" basis and the Company reassumes the unearned premium as of the effective date of termination.
Premiums earned means ceded unearned premiums at the inception of this Contract, plus ceded Gross Net Written Premium Income during the Contract term, less ceded unearned premiums at the expiration of this Contract.
Premiums earned as used herein shall mean the ceded written premiums for policies (or endorsements) allocated to the underwriting year, less the unearned portion thereof as of the effective date of calculation, it being understood that all premium from policies (or endorsements) allocated to an underwriting year shall be credited to that underwriting year, unless this Contract is terminated on a “cutoff” basis and the Company reassumes the unearned premium as of the effective date of termination.