Net Premium definition

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

Net Premium means the level por- tion of the gross premium used in cal- culating the additional reserve. On the day the policy is issued, the present value of the series of those portions equals the present value of the ex- pected incurred claims over the period that the gross premiums are computed to provide coverage.

Net Premium means premium derived from standard premium adjusted by any advance premium discounts.

Examples of Net Premium in a sentence

• Any determination of the Net Premium Payment (including any determination of its component calculations) shall be based solely on inputs set forth in this Policy and values provided by the Payment Date Statement associated with the Premium Payment Date to which the Net Premium Payment relates.

• Net Premium Tax DueSubtract Line 2 from Line 1 to arrive at net premium tax due.

• The monthly renewable divisible Kedvezményes Kiegészítő Adat (supplemental option) for Business Osztható Net Medium and Business Osztható Net Premium subscription contracts: The monthly renewable divisible Kedvezményes Kiegészítő Adat option may be ordered to the Business Osztható Net Medium and Business Osztható Net Premium service packages, which option is reactivated in every billing cycle, i.e. it will not have to be reordered.

• The fee of the monthly renewable divisible Kedvezményes Kiegészítő Adat option is charged in all cases to the Business Osztható Net Medium and Business Osztható Net Premium subscription contracts: Available Kedvezményes (Preferential) Kiegészítő Adat optionDomestic data volume included If the monthly renewable divisible Kedvezményes Kiegészítő Adat option is not completely used in the given billing period, the unused remaining data traffic will be lost.

• The insurance company may implement non imdenity bonus or additional premium on the policy premium by reviewing Claim / Net Premium of the policy which comes to an end on the case that the policy has been renewed.

More Definitions of Net Premium

Net Premium shall have the meaning specified in Section 4.1(b).

Net Premium. The Net Premium is equal to the actual premium minus the percent of premium charge. The percent of premium charge is shown on the Policy Data Page. The Company may, at its sole discretion, apply a lower percent of premium charge.

Net Premium means the balance of the gross premium after deduction therefrom of any premium paid or payable by the insurer for reinsurance ceded;

Net Premium means the amount of the Coverage pre- mium reduced by the amount of the Premium Benefit provided by the ASRS.

Net Premium means the Gross Premium after deduction of Commission.

Net Premium means actual manual premium paid in each fund year by each member to the Group modified by the experience modification factor (as calculated according to the Workers’ Compensation Rating and Inspection Bureau of Massachusetts experience modification formula) plus or minus the discount amount, as the case may be. Final premium may be greater that net premium.

Net Premium means the premium paid less the percent of premium charge.