Net Premiums definition

Net Premiums means the gross premiums (including policy fees) charged on all original and renewal Policies written on behalf of the Company, less return premiums.
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Net Premiums means the balance of gross premium after deduction from the gross premium of any premium paid or payable by an insurer for reinsurance ceded;
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Net Premiums means: Premiums received, less any refunds or credits due to the contract holder for cancellations, termination's, changes in coverage, or other issues that would cause CDN, in its sole opinion, to not have earned the premiums received. Premiums do not include administrative or other processing fees charged by CDN.
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Examples of Net Premiums in a sentence

  • It is further agreed that State Auto Mutual shall receive the Net Premiums for said contracts and policies.

  • If the proceeds of the Policy after repayment of the Net Premiums are inadequate to pay the Death Benefit in full, the Company shall have no obligation for the shortfall.

  • COMPANY Upon termination of this Agreement, the Company shall be entitled to repayment of the amount of the total premiums paid by the Company to maintain the Policy, less the amount of any distributions therefrom to the Company (including the outstanding balance of any Policy loans to the Company) (the "Net Premiums").

  • Upon receipt of the Net Premiums, the Company shall promptly release the Collateral Assignment.

  • We will change the allocation percentages applicable to future payments of Net Premiums upon receipt of your request in Good Order at our Customer Service Office.


More Definitions of Net Premiums

Net Premiums means all direct premiums plus reinsurance assumed minus reinsurance ceded, except as otherwise expressly excluded below.
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Net Premiums means Premiums after any adjustments or refunds. 1. 41. "Net Transfer Amount Difference" is defined in Section 4.5.3.
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Net Premiums means all direct premiums plus reinsurance assumed minus reinsurance ceded, except as otherwise expressly excluded below, provided that the parties hereto expressly understand and agree that Net Premiums excludes any and all premiums arising out of the State Auto Mutual Reinsurance Book for such reinsurance assumed on and after January 1, 2005. It is understood and agreed that Net Premiums excludes any and all premiums arising out of State Auto Middle Market Insurance for such insurance written on and after 12:01 a.m., January 1, 2005.
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Net Premiums means the premiums due the Ceding Company with respect to the Policies.
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Net Premiums means gross premiums received less return premiums and premiums paid for reinsurance ceded to other than Reinsurer.
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Net Premiums means the gross premiums paid or payable under a contract of insurance, less dividends received or receivable in respect of the contract and less premiums returned on cancellation of the contract.
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Net Premiums means premiums each of such an amount that, if all premiums payable under the life policy concerned had been net their value, capitalised on the on which the liability of the long-term insurer under such policy commenced, would have the capitalised the policy excluding any bonus,
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