Unearned Premium (UEP)

Unearned Premium (UEP),

Unearned Premium (UEP):

The part of the policy premium that the company has not received because there is time to run before the policy expires. Non-life insurers must All non-income premiums must be shown as a liability in their annual accounts, because in the event of termination, the insurer must pay a portion of the initial premium.

Literal Meanings of Unearned Premium (UEP)

Unearned:

Meanings of Unearned:
  1. Accepted or not accepted.

Sentences of Unearned
  1. Unannounced Concessions

Premium:

Meanings of Premium:
  1. Price added to price or general cost.

  2. Something is given as a gift, reward or incentive.

Sentences of Premium
  1. Accurately, the earnings of a pensionable worker must be paid to the insurance company in addition to his salary in order to obtain a claim equal to it.

  2. Avoid paying too much for organic fruits

  3. The Society des Arts gave him a bonus

Synonyms of Premium

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

Unearned Premium (UEP),

Definition of Unearned Premium (UEP):

The part of the policy premium that the company did not collect because the policy is still pending. The non-life insurer will have to record all the annual premiums in his annual account as a liability, as the insurer will have to repay part of the initial premium in case of termination.

Literal Meanings of Unearned Premium (UEP)

Unearned:

Meanings of Unearned:
  1. Get it or not

Sentences of Unearned
  1. Unused Concessions.

Premium:

Meanings of Premium:
  1. Amount payable under the insurance contract.

  2. Price or value added to the general price.

Sentences of Premium
  1. Consumers are reluctant to pay too much for organic fruits.

Synonyms of Premium

bounty, inducement, incentive, perquisite, extra amount/charge