Pure premium definition

Pure premium means the loss cost per unit of exposure excluding all loss adjustment expenses[is the loss cost per unit of exposure plus the loss adjustment expense directly allocated to the settlement of specific losses].
Sample 1Sample 2Sample 3
Pure premium means the loss cost per unit of exposure excluding all loss adjustment expenses;
Sample 1Sample 2Sample 3
Pure premium means the average cost of covering a specified risk in the past, to the exclusion of any adminis- trative or commercial costs or fiscal or parafiscal contributions, and not taking into account revenues from investments nor anticipated profits.
Sample 1Sample 2

Examples of Pure premium in a sentence

  • Pure premium rates represent expected indemnity and medical losses per $100 of covered payroll in the voluntary market.

  • Pure premium rate means that portion of the rate which represents the loss cost per unit of exposure including loss adjustment expense.

  • Pure premium rate is set by DCBS and decreases when there is a decline in medical care cost and increases as cost increase.

  • Pure premium rates After a large decrease in 1998, pure premium rates have drifted downward slightly.

  • Pure premium ratesPure premium rates have generally fallen since 1997.

  • Pure premium rates represent expected indemnity and medical losses per $100 of covered payroll in the voluntary market (see p.

  • Pure premium is based on actuarial calculations on historic data on crop performance.

  • Pure premium" means the loss cost per unit of exposure excluding all loss adjustment expenses[is the loss cost per unit of exposure plus the loss adjustment expense directly allocated to the settlement of specific losses].

  • Pure premium rates Pure premium rates have decreased by more than 40 percent since 1997.

  • In 2000-01, he also acted as CEO of SFI during its startup phase.


More Definitions of Pure premium

Pure premium means the amount of losses per exposure, including allocated loss adjustment defense and cost containment expenses.
Sample 1
Pure premium means that part of the premium which is sufficient to pay losses and loss adjustment
Sample 1
Pure premium means: the cost base for the insurance cover that the policyholder is required to pay as consideration for the technical risk accepted by undertakings;
Sample 1
Pure premium means that part of the premium which is sufficient to
Sample 1

Related to Pure premium

  • Single Premium means the Premium amount specified in the Schedule payable in Lump Sum at the inception of the Policy. No further Premiums are payable under this Policy.

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of this Note, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments; and

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Auction Premium means the difference in price (if any) between the Starting Price and the Clearing Price;

  • Make-Whole Premium means, with respect to a Note at any redemption date, the greater of:

  • Insurance Premium means the amount that each Debtor shall pay on a monthly basis to Agos pursuant to the relevant Consumer Loan Agreement, in relation to the insurance premium paid by Agos to the relevant Insurance Company under any Financed Insurance Policy.

  • Redemption Premium means (i) in the case of the Events of Default described in Section 4(a)(i) - (vi) and (ix) - (xii), 125% or (ii) in the case of the Events of Default described in Section 4(a)(vii) - (viii), 100%.

  • Prepayment Premium means, with respect to the Mortgage Loan, any prepayment premium, spread maintenance premium, yield maintenance premium or similar fee required to be paid in connection with a prepayment of the Mortgage Loan pursuant to the Mortgage Loan Documents, including any exit fee.

  • Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.

  • Extra Premium means an additional amount charged by Us, as per Our Underwriting Policy, which is determined on the basis of disclosures made by You in the Proposal Form or any other information received by Us including medical examination report of the Life Insured.

  • Applicable Premium means, with respect to any Note on any Redemption Date, the greater of:

  • Buyers Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

  • State premium tax liability means any liability

  • Regular Premium means the amount exclusive of applicable taxes, if any, payable by the Policyholder at regular intervals during the Premium Paying Term, in amount and at the Premium Payment Frequency, both, as specified in the Schedule.

  • Base premium rate means, for each class of business as to a rating period, the lowest premium rate charged or that could have been charged under the rating system for that class of business by the small employer carrier to small employers with similar case characteristics for health benefit plans with the same or similar coverage.

  • Deposit Premium means a provisional premium which is agreed upon in the event of it being impossible at the due date of the premium to determine the exact premium, and which represents a reasonable estimate of the premium;

  • Interest Subsidy Payments means payments, designated as such, consisting of interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Optional Redemption Premium means, with respect to any Series, the premium (expressed as a percentage of the Liquidation Preference of the shares of such Series) payable by the Fund upon the redemption of MuniFund Term Preferred Shares of such Series at the option of the Fund, as set forth in the Appendix for such Series.

  • Risk Premium means a percentage determined on an Adjustment Day for the Adjustment Period beginning on such Adjustment Day, which indicate the price of the risks taken over by the Issuer. The determination will be made by the Issuer in its reasonable discretion (billiges Ermessen § 315 German Civil Code (BGB)). The respective

  • Standard Premium means the basic premium for the coverage under this Certified Plan, as charged by the Company to the Policy Holder on an overall Portfolio basis, which may be adjusted in accordance with the Age, gender and/or lifestyle factors of the Insured Person.

  • Applicable Prepayment Premium has the meaning specified therefor in the Fee Letter.

  • Annualised Premium means the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any as specified in the Schedule.

  • LATE CHARGES All invoices are due and payable upon receipt. Any invoices not paid within thirty (30) days of the invoice date are subject to a one percent (1%) per month financing charge on any unpaid balance but only to the extent permitted by law.

  • Annual Premium means an amount specified in the Schedule, which is payable under the annual Premium payment mode under this Policy, excluding Extra Premium, if any and excluding service tax or any other taxes, cesses or levies, if any;

  • Maximum Premium has the meaning set forth in Section 7.06(b).