Risk Premium definition
Examples of Risk Premium in a sentence
If Net Risk Premium is deficient in any month, the Company will notify the Reinsurer of such deficiency and the Reinsurer shall remit sufficient amount into the Claims Fund account in order to bring the Claims Fund to its agreed upon amount.
The Claims Fund account shall be funded by receiving monthly transfers of Net Risk Premium from the Premium account.
Waiver of Mortality Risk Premium is not reinsured under this Agreement.
It is further agreed that in the event that the amount of Net Risk Premium in any given accounting period exceed the requirements of the Claims Fund account, such excess shall be forwarded by the Company to the Reinsurer according to the terms of this Agreement.
Please ensure you understand the impact these options have on how Suppliers will price: Option 1 – Further Competition TUPE Risk Premium; and Option 2 – Further Competition Fixed TUPE Risk Premium.