Unearned Premiums

Unearned Premiums,

Definition of Unearned Premiums:

  • Unearned Premiums means, Unexpected premiums are premiums received by insurance companies before providing coverage for a specific period. This is the premium paid by the insured. Because the insurer does not actually insure premiums that do not yet cover income, they will be paid at the end of the policy.

Literal Meanings of Unearned Premiums

Unearned:

Meanings of Unearned:
  1. Accepted or not accepted.

Sentences of Unearned
  1. No concessions were obtained

Premiums:

Meanings of Premiums:
  1. Amount to be paid in insurance contract.

  2. Price added to price or general cost.

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

Sentences of Premiums
  1. Accurately, the earnings of a pensionable worker are made up of the premium paid in addition to his salary for the equivalent claim.

  2. Consumers are reluctant to pay more for organic fruits

  3. The Society des Arts gave him a bonus

Synonyms of Premiums

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

Unearned Premiums,

What Does Unearned Premiums Mean?

  1. Unused premiums are premiums received from insurers that insure individuals. In other words, they eat the premium that the insurer already pays. Because the insurer does not effectively insure premiums that are not yet income, they will be reimbursed in the event of termination of the employment contract.

Literal Meanings of Unearned Premiums

Unearned:

Meanings of Unearned:
  1. Get it or not

Premiums:

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

  2. Price or value added to the general price.

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

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

Synonyms of Premiums

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