Written premium definition

Written premium means the entire amount of premium charged a policyholder for the term of the policy.

Written premium means the gross written premium of CITIZENS on the Removed Policies, less policy cancellation and return premiums, as of the respective Assumption Dates of such polices. Written Premium shall not include fees or surcharges invoiced for collection by CITIZENS on the Policies, including a(n) (i) market equalization surcharge, (ii) CITIZENS policyholder surcharge, (iii) nonhomestead policyholder assessment, (iv) Citizens additional policyholder assessment, (v) regular assessment, (vi) emergency assessment, (vii) tax-exempt surcharge, (viii) reinsurance or catastrophe financing surcharge, or (ix) other fees, taxes, assessments, or surcharges imposed on CITIZENS policyholders as determined by CITIZENS.

Written premium as used herein is defined as used in the company’s data system.

Examples of Written premium in a sentence

• Written premium comprises the premiums on contract incepting in the financial year.

• Written premium are stated at gross of commissions payable to intermediaries.

• Written premium per policy for new and renewal Agency auto business increased 4% and 5%, respectively, for third quarter 2016, as compared to the same period last year.On a year-over-year basis, Agency auto quotes were up for the third quarter and first nine months as we continued to roll out our latest product model.

• Net premiums written 9 %Net premiums earned 11 %Policies in force 11 %New applications 19 %Renewal applications 8 %Written premium per policy (7)% Our Property business writes residential property insurance (single family homes, condominium unit owners, rental coverage, etc.) for homeowners, other property owners, and renters and primarily consists of the operations of the ARX organization.

• Written premium per policy for new Commercial Lines business was up approximately 13% as a result of these actions, while renewal business increased 11% over 2015.

More Definitions of Written premium

Written premium means the gross written premium of TWIA on the Removed Policies, less policy cancellation and return premiums, as of the respective Assumption Dates of such polices. Written Premium shall not include any fees, taxes, assessments, or surcharges imposed on TWIA policyholders as determined by TWIA, the Department or the Legislature of the State of Texas.

Written premium means gross direct premiums (excluding premiums on risks written ceded to the assigned risk plan), within the state of Washington, charged during the first preceding calendar year with respect to United States Longshore and Harbor Workers' insurance, less return premiums, dividends paid or credited to policyholders, or the unused or unabsorbed portions of premium deposits.

Written premium. Gross Written Premium on Policies written hereunder, less cancellations and returned premium.

Written premium means Premium less stamp duty, fire services levy, GST, any other government charge, tax, fee or levy (if applicable) less return premiums paid or payable to Clients.

Written premium. The amount of written premium, excluding surety premium, shown on the Agent's Producer Experience Report for the Bonus Period and generated through the Agency code shown in this Agreement for direct business. All other premium shall be excluded from this number unless inclusion of such premium amount is agreed to in writing by both the Agent and the Company.

Written premium of the Company means the amount of total private passenger and commercial assigned risk, voluntary take out and mandatory take out premium managed and administered by the Company on behalf of a servicing carrier (the “Managed Business”), plus the total amount of private passenger and commercial auto premium managed and administered by the Company on behalf of state departments of insurance, assigned risk plans and other agencies; and (ii) “Fees” means the amount of buyout fees and proceeds from the sale of take out, territorial and other credits received by such Company servicing carriers from insurance carriers with respect to the Managed Business. For illustrative purposes, attached as Exhibit B hereto is a statement of the Company’s Written Premium and Fees for the year ended December 31, 2014, and a sample calculation of the Earnout Amount that would have been payable based thereon.

Written premium will mean the aggregate amount of personal property premiums paid to Customer by insureds during a particular time period for the personal property products and carriers and in the authorized states included on Schedule 1.1. The Services Fee will be due and payable in arrears on the last day of the month following the close of the calendar month in which the Services were performed.