Return premiums definition

Return premiums for insurance companies means amounts returned to insureds due to endorsements, retrospective adjustments, cancellations, dividends, or errors;
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Return premiums means any and all Unearned Premiums and dividends at any time and from time to time assigned pursuant to executed Premium Finance Agreements as security for amounts due under executed Premium Finance Agreements.
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Return premiums any insurance premiums, net of Commissions, returned by a Carrier as a result of an insurance policy cancellation, a reduction in benefits under an insurance policy, or a reduction in premium for an insurance policy.
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Examples of Return premiums in a sentence

  • Return premiums and pre- miums and other consideration in- curred for reinsurance.

  • A lot of literature is available on SHGs and MicroCredit features.

  • Return premiums are calculated according to Our Suspension Table of Refunds as applicable at the time for the unexpired period of insurance.

  • Return premiums may exist for investors who accept the illiquid and inefficient characteristics of the private equity market.

  • Return premiums include dividends on unabsorbed premiums or premium deposits returned or credited to policyholders.

  • Return premiums may be deducted in determining the premium on which the fire depart- ment dues are computed.

  • For purposes of section 848(d)(3) and paragraph (d)(1) of this section, amounts applied from a divi- dend accumulation account to pay pre- miums on a specified insurance con- tract are not amounts treated as paid to, and immediately returned by, the policyholder.(e) Return premiums.

  • Net premiums written exclude Good Result Return premiums of Mitsui Sumitomo Insurance's proprietary auto insurance product "Modorich" which contains a special clause related to premium adjustment and refund at maturity.

  • Return premiums will be made payable to the insured and mailed to the producer.

  • Return premiums for all company cancellations will be calculated on a prorated basis.


More Definitions of Return premiums

Return premiums. If this policy is cancelled, you may be entitled to a premium refund. Return premiums will be computed on a pro-rata basis. Any return premium will be paid to you as soon as possible after the cancellation. No premiums will be returned to you if we have paid you for a Total Loss or Constructive Total Loss.
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Return premiums. Amounts payable to Insureds under Policies as return of unearned premiums on canceled or amended policies, adjustments arising out of premium audits or as required by law or rating plans, or as dividends.
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Related to Return premiums

  • Return Date means the date on which the Insured is scheduled to return to the point where the Trip started or to a different specified Return Destination. This date is specified in the travel documents.

  • Real Estate Taxes means the ad valorem real estate taxes levied against the Property (and the improvements and fixtures located thereon), betterment assessments, special benefit taxes and special assessments levied or imposed against the Property, taxes levied or assessed on gross rentals payable by Tenant to the extent charged, assessed or imposed upon tenants in general which are based upon the rents payable under this Lease, any impact fees levied or assessed, whether or not billed by the taxing authority as a special benefit tax or a special assessment, all taxes levied or assessed on the Property that are in addition to or in lieu of taxes that are currently so assessed, and penalties and interest related to Real Estate Taxes if the applicable Real Estate Tax bills have been forwarded to Tenant in a timely manner; provided, however, that Real Estate Taxes shall not include any Excluded Taxes. “Excluded Taxes” shall mean, without limitation, Landlord’s income taxes, gift taxes, excess profit taxes, excise taxes, franchise taxes, estate, succession, inheritance and realty transfer taxes resulting from the transfer of any direct or indirect interest in the Property by Landlord unless such taxes replace Real Estate Taxes in the future (except as expressly set forth in the last sentence of this Section 4(a)), and any interest or penalty charges resulting solely from Landlord’s failure to promptly deliver the Real Estate Tax bills to Tenant if the applicable taxing authority has forwarded the tax xxxx to Landlord rather than Tenant. All special benefit taxes and special assessments shall be amortized over the longest time permitted under ordinance and Tenant’s liability for installments of such special benefit taxes and special assessments not yet due shall be paid in full prior to the expiration or termination of this Lease; provided, that the useful life of any such improvements do not extend beyond the expiration of the Term. Tenant shall also pay, directly to the applicable Governmental Authority (as hereinafter defined), any storm water charges, fees and taxes and use and occupancy tax in connection with the Property or any improvements thereon (or in the event Landlord is required by law to collect such tax, Tenant shall pay such use and occupancy tax to Landlord as Rent within thirty (30) days of written demand and Landlord shall remit any amounts so paid to Landlord to the appropriate Governmental Authority in a timely fashion) and deliver evidence of such payment to Tenant within ten (10) days of making such payment or within ten (10) days of receipt of Tenant’s request for such evidence of payment.

  • Operating Cost means the costs associated with operating a multifamily development once the project is placed in service.