Net premium

Net premium,

Definition of Net premium:

  1. A general term that can have many different meanings. This term can refer to a premium with the amount of the agents commission deducted. This term can also mean the portion of the premium required to pay expected future losses. This term can also refer to the premium amount with the amount of dividends that have been appointed to pay part of the premium deducted.

  2. An insurance policy's net premium value differs from the policy’s gross premium value, which does take into account future expenses. The calculated difference between net premium and gross premium equals the expected PV of expense loadings, minus the expected PV of future expenses. Thus, a policy’s gross value will be less than its net value when the value of future expenses is less than the PV of those expense loadings.

  3. Net premium, an insurance industry accounting term, is calculated as the expected present value (PV) of an insurance policy’s benefits minus the expected PV of future premiums. The net premium calculation does not take into account future expenses associated with maintaining the insurance policy. Net premiums, along with gross premiums, help an insurance company to determine how much it owes in state taxes.

How to use Net premium in a sentence?

  1. The formula to arrive at the net premium is the expected present value (PV) of an insurance policy’s benefits minus the expected PV of future premiums. .
  2. Net premium and gross premium are useful in calculating the amount of state taxes an insurance company needs to pay.
  3. Some states' tax laws allow insurance companies to reduce the amount of their taxable gross premium by adding back expenses.
  4. Net premium is an insurance industry accounting term.

Meaning of Net premium & Net premium Definition

Net Premium,

Net Premium:

  1. Net Premium means: Net premium is a term that has different meanings. First, it identifies the share of premium required to cover future losses. Second, it also refers to the amount generated after deducting the broker's commission from the gross premium. Third, at the cost of reality, this means the expected current value of the benefits of a policy is less than the expected current value of all future premiums.

  2. Net Premium refers to Net premium, an accounting term in the insurance industry, calculates the expected current cost (PV) of an insurance policy to be less than the expected PV of future premiums. When calculating net premiums, future costs associated with maintaining an insurance policy are not considered.

    • Net premium is an accounting term used in the insurance industry.
    • The formula for determining the net premium is the expected current value (PV) of the insurance policy which is less than the expected PV of future premiums.
    • The net premium and gross premium are useful for calculating the amount of government tax that the insurer has to pay.
    • In some states, tax laws reduce the total amount of taxable premiums by increasing the return shipping cost to insurers.

  3. Bonus amount less agent commission. In addition, the premium only covers losses that are calculated to cover other expenses before they are estimated.

  4. You can define Net Premium as, Prizes are deducted as a commission based on fees.

Literal Meanings of Net Premium

Net:

Meanings of Net:
  1. A piece of loose netting made of rope, rope, rope or the like, commonly used to catch fish or other animals.

  2. This structure is made up of nets in the frame that make goals in sports such as football and hockey.

  3. An excellent weave that is open.

  4. A way to catch someone.

  5. Internet.

  6. Catch or land (fish or other animal).

  7. Aiming or kicking (in sports) (ball or puck)

  8. Cover it with gauze.

  9. (Quantity, price or value) that remains after deductions, such as taxes or deductions.

  10. (Effect or result) final or universal.

  11. Earn or receive net profit (a cash amount).

Sentences of Net
  1. Fishermen repair their nets

  2. Turns Wilson's cross into a goal

  3. Clean the curtains

  4. The search was suspended so that the killers could escape from the internet

  5. Ensuring privacy on the Internet is more and more difficult

  6. Damage to fishing

Synonyms of Net

netting, meshwork, mesh, webbing, tulle, fishnet, openwork, lace, lacework, latticework, lattice, trap, booby trap, snare, after taxes, after deductions, take-home, clear, final, end, ultimate, concluding, closing, earn, make, get, gain, obtain, acquire

Premium:

Meanings of Premium:
  1. Something that is given as a gift, gift or incentive.

Sentences of Premium
  1. If the calculations are correct, the income of a pensionable worker includes the premium in addition to his salary which he has to pay to the insurer to get equal rights.

Synonyms of Premium

insurance charge, insurance payment, regular payment, instalment, surcharge, additional payment, extra amount, extra charge, additional fee, bonus, extra, percentage, perk, recompense, remuneration, prize, reward

Net Premium,

How To Define Net Premium?

  • Net Premium can be defined as, (1) The portion of the premium rate intended to cover insurance benefits, but not for expenses, expected liabilities or income. (2) The portion of premium transferred to the headquarters by the broker after deduction of brokerage fee. (3) Ongoing premium

  • Net Premium can be defined as, The amount of premium that remains after deducting the agent and other deductions.

  • The current value of the policy benefits is deducted from the current value of future premiums. The net premium calculation does not include future costs associated with maintaining the policy.

Literal Meanings of Net Premium

Net:

Sentences of Net
  1. Wright scored 177 goals in six years

  2. Increase in earnings per share

  3. The end result is the same

  4. It sold 20% of its shares and made a big profit

Synonyms of Net

accumulate, take home, bring in, pull in, pocket, realize, make a profit of, be paid

Net Premium,

What is The Meaning of Net Premium?

  • You can define Net Premium as, Net award is a term that can have different meanings. First, it relates to the premium portion required to cover the actual loss. Second, it also refers to the amount made after deducting the bonus agent's commission. Third, as used in actuarial valuation, it refers to the expected current value of the policy benefits, which is lower than the expected current value of all premiums.

  • Net Premium means, Net premium, an accounting term in the insurance industry, is considered lower than the expected current VA of the premium from the expected current value (VA) of the insurance policy. In calculating the net premium, the additional costs associated with maintaining the insurance contract are not considered.

    • Net premium is an accounting term used in the insurance industry.
    • The formula for determining the net premium is less than the expected current value (VA) of the insurance company's benefits.
    • Net premiums and premiums are used to calculate the amount of state tax that the insurer has to pay.
    • In some states, tax laws allow insurers to reduce the amount of taxable premiums by spending extra.

  • Bonus amount minus agent's commission. In addition, premiums are required to cover losses and only losses are covered to cover other losses.

  • (1) Part of a contribution rate intended to cover insurance benefits, but not expenses, emergencies or income. (2) The portion of the bonus that the broker sent me after deducting the broker's commission. (3) Launch of Net Award

  • After arbitration, the remaining prize money and all other deductions are removed.

  • The current value of the policy benefits is deducted from the current value of the premium over time. Net premium calculation does not include contract maintenance tuition fees.

Literal Meanings of Net Premium

Net:

Meanings of Net:
  1. A piece of loose mesh material made of wire, rope, rope, or the like, often used to catch fish or other animals.

  2. An open piece of mesh material that carries through a frame at the end of the handle is often used to catch fish, other aquatic animals or insects.

  3. A structure made of a net that rests on a frame and is intended for sports such as football and hockey.

  4. An open piece of net material between two poles with a piece of rope to divide the playing area into different sports, such as tennis, badminton and volleyball.

  5. A safety net.

  6. Very revealing fabric with smooth fabric.

  7. A way to trap someone.

  8. A system or process used to select or hire someone.

  9. A communication network or broadcast.

  10. Integrated computer network.

  11. Catch fish or land (fish or other animal) with a net.

  12. Pure fishing in (the river)

Sentences of Net
  1. He fished with a golden net drawn by a rope made of purple and red thread.

  2. Good fishermen make their nets with whale thread and needles.

  3. The guide asks students to help collect soil and water samples and use nets to catch fish and other marine life.

  4. He uses this material as a net.

  5. Once these animals rot, the fishing nets can rise to the surface and the ghost fishing can resume.

  6. Some fabrics come with fishing nets or paper fish, others with large wings or robotic pieces.

Synonyms of Net

hook, entrap, take captive, bag, land, ensnare, capture

Premium:

Meanings of Premium:
  1. Price added to price or normal price.

  2. Value added to interest or bonus pay.

  3. Reference or name of commercial goods or high quality products and hence high price.

  4. The amount by which the value of a stock or other security exceeds its current value, face value or the value of the asset it represents.

  5. Anything given as a gift, reward or incentive.

  6. Rare and desirable

  7. More than normal or nominal value.

  8. See or treat it as something very valuable or important.

Sentences of Premium
  1. Out-of-group insurance is expensive: premiums and deductions are higher, and overall plan benefits are cheaper than group plans.

  2. In some parts of the country, the insurance premium has more than doubled.

  3. In France and Germany, insurance funds are financed by taxes rather than insurance premiums and are strictly regulated by their governments.

  4. Be careful about your reputation as if you are driving responsibly as it can save you a lot of money in insurance premiums.

  5. Most insurers reduce the premium for students with good grades.

  6. I must have laughed earlier this month when a crazy colleague asked me if home insurance premiums have skyrocketed in the last year.

Synonyms of Premium

exclusive, high-quality, return, finest, luxurious, deluxe, contribution, payback, high-grade, surplus, top-quality, portion, choice, elite, five-star, offering, premium, classy, bestowal, handout, fine, prime, presentation, high-end, first-rate, select, donation