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
The adjusted commission rate shall be calculated as follows and be applied to Premiums Earned: 1.
The adjusted commission rate shall be calculated as follows and be applied to Premiums Earned: [***] D.
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 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 ceded net written premiums allocated to the underwriting year (i.e., net of cancellations and return premiums), less the unearned portion thereof as of the effective date of calculation, all as respects premiums ceded under the Original Agreement.
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 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.
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.