Net Premiums Written definition

Net Premiums Written means gross premiums written less returns, allowances and reinsurances which inure to the benefit of the Reinsurer.

Net Premiums Written as used in this Agreement shall mean the gross written premiums on Policies written, renewed or assumed during the term of this Agreement on business the subject of this Agreement, less cancellation and return premiums and less premiums ceded on all other reinsurance which inures to the benefit of this Agreement on business the subject of this Agreement.

Net Premiums Written means the net amount of premiums written by an insurer after deduction of return premiums and payments in respect of reinsurance business ceded;

Examples of Net Premiums Written in a sentence

• Amount and Percentage of Net Premiums Written Subject to Retrospective Rating Features - Not applicable D.

• As outlined in the Reports and Remittances Article, the Company shall pay to the Reinsurer 100% of the Company’s Net Premiums Written on its Net Liability on the business covered hereunder, less the ceding commission.

• For purposes of computing the bidder’s NFCC, the value of all outstanding or uncompleted portions of the projects under on-going contracts, including awarded contracts yet to be started coinciding with the contract to be bid shall be the Bidder’s Net Premiums Written.

• The Reinsurer agrees to allow the Company a commission allowance per calendar quarter of (a) the actual direct expenses incurred in the underwriting of Canadian business, plus (b) 33.5% of Net Premiums Written ceded under this Reinsurance Agreement.

• Net Premiums Written by Line of BusinessThree Months Ended December 31, Years Ended December 31, (1) Net premiums written is a non-GAAP financial measure of net premiums earned.

More Definitions of Net Premiums Written

Net Premiums Written means gross payments received from insurance policies issued during a specified period, net of the risk premiums payable pursuant to the Government Guarantee Agreement in respect of those policies.

Net Premiums Written means gross premiums written net of reinsurance premiums payable under reinsurance ceded, and

Net Premiums Written means amounts calculated in relation to a body corporate by the application of the principles set out in—

Net Premiums Written means the amount of gross direct premiums on policies written less returned premiums and premiums on policies not taken. Paid dividends shall not be deducted for the purposes of calculating net premiums written. (7-1-97)

Net Premiums Written means gross premiums written less return premiums on cancellations or endorsements or both, net of policy fees.

Net Premiums Written means the premium income receivable in the insurer’s last preceding financial year net of reinsurance and reduced by any rebates or refunds, but where an insurer has not completed its first financial year, the net premiums written shall be taken to be the amount stated in its application for authorisation as the maximum aggregate net premiums which will be written in the first year.

Net Premiums Written means the gross direct premiums charged less all premiums (except dividends and savings refunded under participating policies) returned to insureds for all Workers Compensation and Occupational Disease Insurance, exclusive of premiums for employers subject to the Plan, and for employers written under the National Defense Projects Rating Plan and under excess policies. Source: Miss. Code Ann.§71-3-111 (Rev. 2011) Rule 4.08: Governing Articles: Article II 4.08.1: Membership Each insurance company authorized to write workers compensation and employers liability insurance in Mississippi shall be a Member of and a participant in the Pool, shall participate in the Plan, and shall be bound by these Articles as a condition of its authority to transact workers compensation and employers liability insurance in Mississippi. Miss. Code Ann. §71-3-111 (Rev. 2011) 4.08.2: Termination of Membership A Member’s membership in the Pool shall be terminated upon the occurrence of one or more of the following events: A. withdrawal or non-renewal of the Member’s license to write workers compensation insurance in Mississippi; B. revocation of the Member’s license to write workers compensation insurance in Mississippi by the Commissioner; or C. adjudication of insolvency of the Member. Any provision herein to the contrary notwithstanding, a Member shall be deemed to be a member of the Pool for any policy year corresponding to a calendar year during which such Member has positive net workers compensation premiums written in Mississippi as reported in its Annual Statement to the Mississippi Department of Insurance. Miss. Code Ann. §71-3-111 (Rev. 2011)4.08.3: Members’ Obligation A. Each member shall: