cancellation of a premium

См. также в других словарях:

• Cancellation Provision Clause — It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casualty or a health insurance policy at any time before its expiration date. Life insurance policies do not contain cancellation… …   Investment dictionary

• Adjusted Premium Method — A calculation method used arrive at a life insurance policy s cash surrender value (CSV). There are three steps in the Adjusted Premium Method. 1. Calculate the first year expense allowance 2. Arrive at the Adjusted Premium 3. Substitute the… …   Investment dictionary

• Unearned Premium — The premium corresponding to the time period remaining on an insurance policy. Unearned premiums are proportionate to the unexpired portion of the risk, for which coverage has been sought by the insured party. Thus, it is deemed to have not yet… …   Investment dictionary

• earned premium — n: the difference between the amount of premium paid by the insured and the amount returned to the insured by the insurer upon cancellation of a policy before its term expires Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• earned premium — In insurance, that portion of the premium properly allocable to policy period which has expired. An earned premium is difference between premium paid by insured and portion returnable to him by insurance company on cancellation of policy during… …   Black's law dictionary

• earned premium — In insurance, that portion of the premium properly allocable to policy period which has expired. An earned premium is difference between premium paid by insured and portion returnable to him by insurance company on cancellation of policy during… …   Black's law dictionary

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