Unearned premiums means the portion of premiums received relating to the period of risk in subsequent accounting periods and which is deferred to such subsequent accounting periods.
Unearned premiums means the portion of premiums within a policy term which have not yet earned.
Unearned premiums means the amount set aside by a company at the end of its financial year out of premiums in respect of risks to be borne by the company after the end of its financial year under contracts of insurance entered into before the end of the year;
Examples of Unearned premiums in a sentence
Unearned premiums are those proportions of premiums written in a year that relate to periods of risk after the reporting date.
Unearned premiums ...........................................................................................................
Unearned premiums are established to cover the unexpired portion of premiums written.
Unearned premiums ...........................................................................................................B9910 5.
Unearned premiums represent the portion of premiums received applicable to future periods on insurance policies in force.
More Definitions of Unearned premiums
Unearned premiums means, as of any given date, the aggregate premium attributable to the unexpired coverage period of all insurance policies produced under the Agreement, as determined in accordance with generally accepted statutory accounting principles consistently applied. For this purpose, premium shall be the written premium charged on the insurance policy for the period such policy is in force irrespective of the subsequent billing and collection of such premium.
Unearned premiums means the portion of an insurance premium paid in advance to an insurance company (or other issuer of a policy) but not yet earned by such company, and subject to refund in the event the applicable policy is cancelled.
Unearned premiums means the amount set aside as at the end of an insurer’s financial year out of premiums in respect of risks to be borne by the insurer after the end of that year, and calculated pro rata, under contracts of insurance entered into before the end of that year.
Unearned premiums means that portion of Net Written Premiums not earned because the Policy term has not expired as of the date for which the calculation is made.
Unearned premiums means the amount set aside as at the end of the financial period or year by an insurance company out of premiums in respect of risks to be borne by the company after the end of that financial period or year arising out of contracts of insurance entered into before the end of that period or year.
Unearned premiums means the portion of a
Unearned premiums means the portion of a premium previously paid for which the coverage period is in the future."