premium liabilities definition
premium liabilities. , in relation to an insurer, means the obligation of the insurer, whether contractual or otherwise, to make future payments in relation to all claims incurred after the end of a financial year in respect of MAT insurance policies issued by the insurer under these Regulations, and includes expenses that the insurer expects to incur in administering the MAT insurance policies and settling the relevant claims.
premium liabilities means the portions of insurance contract liabilities that are not claim liabilities;
premium liabilities means the cost of running off the unexpired portion of an insurer’s policies composed of unearned premium reserve and unexpired risk reserve.
More Definitions of premium liabilities
premium liabilities means the obligation, whether contractual or otherwise, to make future payments in relation to all claims incurred after the end of the financial year, and shall include
premium liabilities means the obligation, whether contractual or otherwise, to make future payments in relation to all claims incurred after the end of the financial year, and shall include expenses that the insurer expects to incur in administering the policies and settling the relevant claims;