Written premium definition
Written premium means the entire amount of premium charged a policyholder for the term of the policy.
Written premium means the gross written premium of CITIZENS on the Removed Policies, less policy cancellation and return premiums, as of the respective Assumption Dates of such polices. Written Premium shall not include fees or surcharges invoiced for collection by CITIZENS on the Policies, including a(n) (i) market equalization surcharge, (ii) CITIZENS policyholder surcharge, (iii) nonhomestead policyholder assessment, (iv) Citizens additional policyholder assessment, (v) regular assessment, (vi) emergency assessment, (vii) tax-exempt surcharge, (viii) reinsurance or catastrophe financing surcharge, or (ix) other fees, taxes, assessments, or surcharges imposed on CITIZENS policyholders as determined by CITIZENS.
Written premium as used herein is defined as used in the company’s data system.
Examples of Written premium in a sentence
Written premium are stated at gross of commissions payable to intermediaries.
Written premium is earned according to the risk profile of the policy.
Written premium is earned according to the risk profile of the policy which is calculated on the basis of established earnings patterns or time apportionment as appropriate.
Written premium for non-life (general insurance) business comprises the premiums on contract incepting in the financial year.
Written premium is recognised net of bonuses and similar discounts offered on contract conclusion or renewal.
More Definitions of Written premium
Written premium means the gross written premium of TWIA on the Removed Policies, less policy cancellation and return premiums, as of the respective Assumption Dates of such polices. Written Premium shall not include any fees, taxes, assessments, or surcharges imposed on TWIA policyholders as determined by TWIA, the Department or the Legislature of the State of Texas.
Written premium means gross direct premiums (excluding premiums on risks written ceded to the assigned risk plan), within the state of Washington, charged during the first preceding calendar year with respect to United States Longshore and Harbor Workers' insurance, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits.
Written premium. The amount of written premium, excluding surety premium, shown on the Agent's Producer Experience Report for the Bonus Period and generated through the Agency code shown in this Agreement for direct business. All other premium shall be excluded from this number unless inclusion of such premium amount is agreed to in writing by both the Agent and the Company.
Written premium. Gross Written Premium on Policies written hereunder, less cancellations and returned premium.
Written premium means Premium less stamp duty, fire services levy, GST, any other government charge, tax, fee or levy (if applicable) less return premiums paid or payable to Clients.
Written premium means the total of all non-standard automobile written premium less return premium during a calendar year.
Written premium means the gross written premium of CITIZENS on the Policies, less policy cancellation and return premiums, as of the Assumption Date. Written Premium shall not include fees or surcharges invoiced for collection by CITIZENS on the Policies for (i) Market Equalization Surcharges, (ii) Tax-Exempt Surcharge, and (iii) the mandatory $2.00 per policy EMPA charge.