Earned Premiums definition

Earned Premiums means premiums, as defined in RCW 48.43.005, plus any rate credits or recoupments less any refunds, for the applicable period, whether received before, during, or after the applicable period.

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Earned Premiums means Direct Premiums Earned, as that term is used in the A.M. Best annual report currently known as the “A2 Report;” and

Earned Premiums means the premiums relating to the risk covered by the insurance or reinsurance undertaking during a specified time period;

Examples of Earned Premiums in a sentence

• Earned Premiums shall be computed and charged on every insurance contract canceled after inception in accordance with the cancellation provisions of such contract.

• The adjusted commission allowance which the Reinsurer shall make to the Company shall be in accordance with the following formula and computed and paid on Earned Premiums.

• Net Capitation Payments equals Earned Premiums minus Federal, State, and Local Taxes and Licensing or Regulatory Fees.

• Earned Premiums means Written Premiums plus the unearned premium reserve at the beginning of the Experience Period minus the unearned premium reserve at the end of the Experience Period.

• Loss Ratio shall be calculated by dividing Incurred Losses by total Earned Premiums and multiplying the quotient by 100.

More Definitions of Earned Premiums

Earned Premiums means gross written premiums minus refunds on terminations, with this result adjusted for the change in unearned premium reserve.

Earned Premiums means gross premiums written in such Accounting Period plus any decrease or minus any increase in the provision for unearned premiums over such Accounting Period, as described in item I.1 of the Statutory Format and the notes thereto. In calculating the gross premiums written in any Accounting Period there shall be deducted the outward reinsurance premiums paid in such Accounting Period. To the amount of any increase in the provision for unearned premiums over such Accounting Period there shall be added any decrease or there shall be subtracted any increase, over such Accounting Period, in the amount of the unearned reinsurance premiums paid by the Company. To the amount of any decrease in the provision for unearned premiums over such Accounting Period, there shall be added any increase, or there shall be subtracted any decrease, over such Accounting Period, in the amount of the unearned reinsurance premiums paid by the Company. In calculating the gross premiums written, full account shall be taken of the effect of cancellations notified in such Accounting Period and of any other arrangement under which a policy is terminated in such Accounting Period;

Earned Premiums means earned premiums at prima facie rates and earned premiums at rates in use.

Earned Premiums means, in relation to a specified time period, the premiums relating to the risk covered by the insurance or reinsurance undertaking in that time period;

Earned Premiums means earned premiums as defined by generally accepted accounting principles, consistently applied.

Earned Premiums means the portion of the premium paid in

Earned Premiums means premiums paid or due