Net earned premium definition

Net earned premium as used herein is defined as gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract.
Net earned premium as used herein is defined as the Company's gross earned premium collected on the classes of business subject to this Contract, less only the earned portion of premiums, if any, ceded by the Company for reinsurance which inures to the benefit of this Contract and less dividends incurred.
Net earned premium means the premiums earned in this State

Examples of Net earned premium in a sentence

  • Net earned premium, a comparable GAAP measure, represents the portion of premiums written that is recognized as income in the financial statements for the periods presented and earned on a pro-rata basis over the term of the policies.

  • As the loan is from Big, a company, it is not a grant from the government, so it does not qualify for tax exemption.

  • Net earned premium set forth in Part C of the Market Share Report shall include net earned premium resulting from health benefits plans issued, continued or renewed during the preceding calendar year for one or more small employers, less any refunds paid by that carrier during the calendar year as a result of the application of the minimum loss ratio requirement.

  • Net earned premium was USD 105 million against USD 128 million last year.

  • Permits issued under this subsection may include conditions established by Public Works Department in addition to the requirements needed to meet the performance standards in G.


More Definitions of Net earned premium

Net earned premium as used herein shall mean gross earned premium of the Company for the classes of business reinsured hereunder, less the earned portion of premiums ceded by the Company for reinsurance which inures to the benefit of this Contract.
Net earned premium means the Net Written Premium of the Company's Business Covered less the unearned premium reserve at the respective date of calculation.
Net earned premium means gross earned premium of the Company for the business reinsured hereunder, less cancellations and return premiums, and less earned premiums ceded by the Company for other reinsurance as provided in the OTHER REINSURANCE ARTICLE.
Net earned premium means Direct Earned Premium of RRC for any Test Period net of Ceded Earned Premium of RRC for such Test Period.
Net earned premium means net written premium applicable to the expired part of the policy period or reinsurance agreement period;
Net earned premium as used herein shall mean the Company’s net premiums written (i.e. gross written premium of the Company for the classes of business reinsured hereunder, including premiums assumed by the Company from the participants in the Company Pool pursuant to the Reinsurance Pooling Agreement dated March 1, 2010 less cancellations and return premiums, and less premiums ceded by the Company for reinsurance which inures to the benefit of this Agreement) during the period for which computation is being made, less the net unearned premiums at the end of the period, said unearned premium to be calculated on a monthly pro rata basis.
Net earned premium as used herein is defined as the Company's gross earned premium for the classes of business subject to this Contract (exclusive of premium for business covered by the Minnesota Workers' Compensation Reinsurance Association), adjusted for experience modification, discounts, credits, surcharges, expense constants and deductible credits, plus or minus the Reinsurer's pro rata share of any premium arising from audit adjustments, minus premiums paid for facultative reinsurance which inures to the benefit of this Contract.