Direct Premium definition

Direct Premium the Dollar amount charged when a policyholder contracts for insurance coverage before reinsurance has been ceded and/or assumed.
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Examples of Direct Premium in a sentence

  • Direct Premium data will be derived from the Accident and Health column of the Schedule T page of the 2005 annual statements filed with the NAIC for each of the Companies (i.e., Mega , Chesapeake, and Mid-West) B.2. Accident and Health Premiums for each state: The accident and health premiums from B.1. for each of the three companies will be added together to arrive at total accident and health premiums for each state.

  • Quarterly accounting reports shall be submitted to the Reinsurer by the Company not later than 20 calendar days after the end of each calendar quarter and shall include information for Schedule T, Summary of Operations, Direct Premium and Deposit-Type Contracts, Schedule E and any other applicable information for the NAIC Quarterly Blank.

  • Monthly Premium* Fee** --------------- --- $0 - 4,000,000 3.00% $4,000,001-8,000,000 2.50% Above $8,000,000 2.00% * Gross Written Direct Premium ** Percent of Gross Written Direct Premium Technical service fees are to be inclusive of any Texas state sales tax that would result from these services.

  • Monthly Premium* Fee** --------------- --- $0 - 4,000,000 3.00% $4,000,001-8,000,000 2.50% Above $8,000,000 2.00% * Gross Written Direct Premium ** Percent of Gross Written Direct Premium Technical service fees are subject to a minimum of $75,000 per month, during which services are provided.

  • By ------------------------------------------ Authorized Signatory LEERINK, ▇▇▇▇▇ & COMPANY, INC.