Net Premium definition

Net Premium means the premium, net of reinsurance premiums paid, HRA and GME payments, and MCO tax expenses.
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Net Premium means premium derived from standard premium adjusted by any advance premium discounts.
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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.
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Examples of Net Premium in a sentence

  • Allocations include Net Premium payments, transfers and loan repayments.

  • The number of Accumulation Units credited to each Sub-Account is determined by dividing the Net Premium payment allocated to a Sub-Account by the dollar value of one Accumulation Unit for such Sub-Account.

  • Net Premium – is the premium we receive reduced by any Premium Load.

  • The initial Net Premium is the initial premium, less any applicable annuity taxes.

  • We will apply your initial Net Premium based on Accumulation Unit values determined no later than at the end of the second Valuation Date following the Valuation Date we receive your initial premium payment at our Customer Service Office, provided that the premium payment is preceded or accompanied by an application that contains sufficient information to establish an account and properly credit such Net Premium.


More Definitions of Net Premium

Net Premium means the amount of premium charged to a Settlement Class Member for an LPI Policy during the Settlement Class Period less any refund paid or credited to the Settlement Class Member.
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Net Premium shall have the meaning specified in Section 4.1(b).
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Net Premium means the balance of the gross premium after deduction therefrom of any premium paid or payable by the insurer for reinsurance ceded;
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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.
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Net Premium means, with respect to any Series of Bonds, that portion of original issue premium, if any, that is in excess of the sum of (i) original issue discount, if any, and (ii) the underwriter’s discount.
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Net Premium means Gross Premium after deduction of Commission.
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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 NCCI experience modification formula) less the Discount Amount. Final Premium may be greater than the aggregate Net Premium of all of the Members.
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