premium

(redirected from unearned premium)
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Synonyms for premium

surcharge

Synonyms

  • surcharge
  • extra charge
  • additional fee or charge

at a premium

Synonyms

put or place a (high) premium on something

Synonyms

Synonyms for premium

something given in return for a service or accomplishment

Synonyms for premium

payment for insurance

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the amount that something in scarce supply is valued above its nominal value

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a fee charged for exchanging currencies

a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc.

payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military

having or reflecting superior quality or value

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References in periodicals archive ?
However, net profit in the period decreased to AED 72 million (USD 20 million) from AED 87 million (USD 24 million) compared to the same period last year, driven by the proactive implementation of draft UAE insurance regulation on unearned premium reserves and a provision for doubtful debt.
In the preamble to the proposed regulations, the IRS discusses the efficacy of the annual statement, and its perception that statutory accounting rules have changed in recent years (perhaps in an attempt to avoid the full application of the 20% unearned premium reduction).
The couple, though, paid the loan off in July 2007 and said they were legally entitled to a refund of the unearned premium, which they never received.
AmTrust would accept 65% to 70% of unearned premium with respect to in-force Commercial Lines policies.
Mayer, attorney general, wrote, "The receiver of an insolvent fire insurance company is justified in using the unearned premium fund for purposes of reinsurance or of restoring to the policyholders upon cancellation of their outstanding policies.
As part of the agreement, QBE will assume all of Balboa's outstanding loss reserves and unearned premium liabilities (via loss portfolio transfer) in addition to acquiring the distribution rights integral in sourcing and servicing the business.
Partially offsetting these positive rating factors is the company s elevated unearned premium reserve leverage due to the long duration of vehicle service contracts, which extends several years.
However, net profit in the period decreased to AED 72 million ($20 million) from AED 87 million ($24 million) compared to the same period last year, driven by the proactive implementation of draft UAE insurance regulation on unearned premium reserves and a provision for doubtful debt.
If an insured defaults, the unearned premium held by the carrier is returned to the premium financing company, as required by law.
s insurance subsidiaries will transfer cash and investments to Harleysville Mutual in the estimated total amount of $33 million related to the transfer of the unearned premium liability on the workers compensation business as of Jan.
Around this time, New York fire companies also were required for the first time to show the approximate equivalent of an unearned premium reserve as a liability, namely "the amount required to safely reinsure all outstanding risks.
The change in the company's methodology of calculating unearned premium reserves (UPR) will have a one-off impact on the claims ratio in 2010.