Premium Volume definition

Premium Volume means the aggregate, but without duplication, of (i) direct written premium and assumed written premium (as such terms are defined by applicable statutory accounting practices) generated from insurance policies written by insurance company subsidiaries of the Company and (ii) direct written premium and assumed written premium (as such terms are defined by applicable statutory accounting practices) produced or managed under the Company’s insurance services segment including, without limitation, premiums produced or managed as an insurance producer, managing general agent or managing general underwriter.
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Examples of Premium Volume in a sentence

  • Legal Entity Name Principal Place of Business Legal Entity Structure Date Established Federal Tax ID Business Address Phone Number Web Address Fax Number Name Telephone # Email Address Name Telephone # Email Address Total Premium Volume # of Licensed Agents Property / Casualty % Personal % Life / Health % Commercial % Please Rank the following areas/classes/lines of business from 1 to 5.

  • Americom will consider in good faith the effect of Americom’s offering of products that are competitive to a Product in determining changes to the Minimum Premium Volume.

  • The parties will in good faith negotiate such changes to the Minimum Premium Volumes as are appropriate to reflect the introduction of additional Products and removal of Products; provided, however, that such Minimum Premium Volume will not be below the Minimum Premium Volume required as of the Effective Date.

  • Each Marketing Plan shall be reasonably designed to promote sales of products during the applicable Measurement Period in excess of the Minimum Premium Volume.

  • The threshold for calculating the Contingent Commission shall be a loss ratio below that determined according to the following calculation: A Written Premium Volume greater than $1,000,000 in the preceding 12 months is required.

Related to Premium Volume

  • Monthly Volume means the product of the Committed Volume multiplied by the number of days in the relevant month.

  • Service Volume means a measure of Services for which a Performance Target is set.

  • Runoff volume means the volume of water that runs off the land development project from a

  • Committed Volume means, with respect to a Committed Shipper, the minimum daily volume of Crude Petroleum set out in Schedule A to the Committed Shipper’s TSA.

  • VWAP Purchase Share Volume Maximum means a number of shares of Common Stock traded on the Principal Market during normal trading hours on the VWAP Purchase Date equal to: (i) the VWAP Purchase Share Estimate, divided by (ii) the VWAP Purchase Share Percentage (to be appropriately adjusted for any reorganization, recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction).