premiums written definition

premiums written means gross payments received from insurance policies issued during a specified period.

premiums written means gross direct premiums written during the most recent calendar year for which data is available, as determined by the Association, with respect to property in this State on all property and liability policies (excluding "Flood", as written by the National Flood Insurance Program), including all homeowners policies and the fire, other allied lines and liability components of all dwelling policies and commercial multi-peril policies, as computed by the Association, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portion of premium deposits.

premiums written means gross direct premiums less return premiums, dividends paid or credited to policyholders and the unused or unabsorbed portions of premium deposits, with respect to personal injury liability insurance covering insureds or risks residing or located in this state.

Examples of premiums written in a sentence

• 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.

• Premiums Written premiums, gross of commission payable to intermediaries, comprise the estimated premiums on contracts entered into in a financial year, regardless of whether such amounts may relate in whole or in part to a later financial year, exclusive of taxes and duties levied on premiums.

• Gross Premiums Written ceded from inception to date, segregated by Line of Business; provided that in the event there was a cession change under the Agreement, pursuant to Paragraph B.

• The Reinsurer shall make to the Company a provisional commission allowance of [***]% of the Gross Premiums Written ceded hereunder.

• The Reinsurer agrees to allow the Company a commission allowance per calendar quarter of (a) $50,000 plus (b) 25% of Net Premiums Written ceded under this Agreement.

More Definitions of premiums written

premiums written means gross direct premiums charged with respect to property in this State on all policies of Basic Property Insurance and the Basic Property Insurance premium components of all multiperil policies, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits.

premiums written means gross direct premiums charged with respect to property in this State on all policies of Basic Property Insurance and the premium components of Basic Property Insurance and of such other insurance coverages as are usual to Commercial Multiperil Businessowners Insurance policies, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits.

premiums written means gross direct premiums charged

premiums written means gross direct premiums (excluding that portion of premiums on risks ceded to the joint reinsurance asso- ciation) charged during the second preceding calendar year with re- spect to property in this state on all policies of property insurance and property insurance components of all multiperil policies, as de- fined and computed by the facility, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed por- tions of premium deposits.

premiums written means gross direct premiums charged during the preceding calendar year with respect to property in this state on all policies of basic insurance and the basic insurance premium components of all multi-peril policies, as computed by the FAIR Plan, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits and also excluding premiums attributable to the operation of the FAIR Plan.

premiums written means direct premiums written during the preceding calendar year with respect to Property Insurance or Casualty Insurance risks located or to be performed in this Commonwealth as reported in the exhibit of premiums and losses of the Statutory Annual Statement form filed with the Commissioner by each Insurer.

premiums written means gross direct premiums charged on all policies of basic property insurance and the basic property insurance components of all multiple peril policies covering property in this Commonwealth less all premiums and dividends returned to policyholders and the unused or unabsorbed portions of premium deposits;