Premiums earned as used herein shall mean ceded unearned premiums at the beginning of the contract year under consideration, plus ceded net written premiums during the contract year, less ceded unearned premiums at the end of the contract year.
Premiums earned as used herein shall mean ceded net written premiums for policies with effective or renewal dates during the adjustment period, less the unearned portion thereof as of the effective date of calculation, it being understood and agreed that all premiums for policies with effective or renewal dates during an adjustment period shall be credited to that adjustment period, unless this Agreement is terminated on a "cutoff" basis, in which event the unearned reinsurance premium (less previously allowed ceding commission) as of the effective date of termination shall be returned by the Reinsurer to the Company.
Premiums earned means, with regards to any adjustment period, ceded net written premiums for Policies with effective or renewal dates during the adjustment period, less the unearned portion thereof as of the effective date of calculation, it being understood and agreed that all premiums for Policies with effective or renewal dates during an adjustment period shall be credited to that adjustment period.
Examples of Premiums earned in a sentence
Premiums earned in retention were down, amounting to USD 59 million, as compared to USD 74 million in the same period last year.
Premiums earned during the Reporting Period constituted 37% from the total premiums earned in the Group during the Reporting Period.
Premiums earned are calculated on a monthly pro rata basis over the life of the policies.
Premiums earned are net of mid-term changes and cancellation refunds.
Premiums earned in the health insurance sector totaled NIS 582 million for the Reporting Period, compared with NIS 468 million for the corresponding period last year, an 24% increase.
More Definitions of Premiums earned
Premiums earned means ceded Net Subject Written Premium Income for Policies with effective or renewal dates during the Contract term, less the unearned portion thereof as of the effective date of calculation or, if this Contract is terminated on a “cutoff” basis, at the time of termination
Premiums earned means the premiums, less experience cred- its, refunds or dividends, applicable to an accounting period whether received before, during or after such period.
Premiums earned means the premiums, less experi- ence credits, refunds or dividends, applicable to an account- ing period whether received before, during or after such period.
Premiums earned as used herein shall mean the ceded written premiums for policies (or endorsements) allocated to the underwriting year, less the unearned portion thereof as of the effective date of calculation, it being understood that all premium from policies (or endorsements) allocated to an underwriting year shall be credited to that underwriting year, unless this Contract is terminated on a “cutoff” basis and the Company reassumes the unearned premium as of the effective date of termination.
Premiums earned as used herein shall mean ceded net written premiums for policies allocated to the underwriting year, less the unearned portion thereof as of the effective date of calculation, it being understood and agreed that all premiums for policies allocated to an underwriting year shall be credited to that underwriting year, unless this Contract is terminated on a "cutoff" basis, in which event the unearned reinsurance premium (less previously allowed provisional ceding commission) as of the effective date of termination shall be returned by the Reinsurer to the Company.
Premiums earned as used herein shall mean the ceded written premiums for policies (or endorsements) allocated to the accounting period, less the unearned portion thereof as of the effective date of calculation, it being understood that all premium from policies (or endorsements) allocated to an accounting period shall be credited to that accounting period, unless this Contract is terminated on a "cutoff" basis and the Company reassumes the unearned premium as of the effective date of termination.
Premiums earned as used herein shall mean ceded unearned premiums under this Contract at the effective date of this Contract, plus ceded Net Written Premiums during the Term of this Contract under this Contract, less ceded unearned premiums under this Contract as of the date of calculation.