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 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.

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.

Examples of Premiums earned in a sentence

• Premiums earned on advanced refundings were $54,795, $42,695, $5,013 and $39,858 for the years ended December 31, 2005 and 2004 and the periods from December 18, 2003 through December 31, 2003 and January 1, 2003 through December 17, 2003, respectively.

• Premiums earned on refundings were $41,836, $54,795, and $42,695 for the years ended December 31, 2006, 2005, and 2004, respectively.

• Regardless of these terminations, Cedent will continue to be liable to Reinsurer for all unpaid Reinsurance Premiums earned by Reinsurer.

• Premiums earned for the three months ended June 30, 2006 and 2005 include $15,455 and $20,417, respectively, and $22,766 and $35,956 for the six months ended June 30, 2006 and 2005, respectively, related to the accelerated recognition of unearned premiums in connection with refundings.

• Pub.L. 103-322, § 330019(a)(1), and Pub.L. 103-325, § 413(c)(1)(c), enacted identical correction substituting “International Banking Act of 1978)” for “International Banking Act of 1978”.

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 net written premium collected for policies allocated to the underwriting year, less the unearned portion thereof as of the effective date of calculation, less the earned portion of premiums paid for inuring excess of loss reinsurance for the underwriting year, all as respects business subject to this Contract. It is understood and agreed that all premiums for policies allocated to an underwriting year shall be credited to that underwriting year, unless this Contract is terminated on a "cut-off" basis, in which event the ceded unearned premium remains with the Company.

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 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 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.

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 ceded unearned premiums under this Contract at the effective date of this Contract, plus ceded Net Written Premiums during the Term of this Contract under this Contract, less ceded unearned premiums under this Contract as of the date of calculation.