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Reinsurance > Earned Premium
The following information is about Earned Premium.
Earned Premium Defined
(1) That part of the premium applicable to the expired part of the policy period, including the short-rate premium on cancellation, the entire premium on the amount of loss paid under some contracts, and the entire premium on the contract on the expiration of the policy. (2) That portion of the reinsurance premium calculated on a monthly, quarterly or annual basis which is to be retained by the reinsurer should there cession be canceled. (3) When a premium is paid in advance for a certain time, the company is said to “earn” the premium as the time advances. For example, a policy written for three years and paid for in advance would be one-third “earned” at the end of the first year.
This definition is in context to Reinsurance. See more contextual defintions for Earned Premium.
Tips to make declarations less taxing
Published November 18, 2008, 5:53 pm, The Times of India
Though one has the option of making necessary investments later after the deadline, it means paying the tax deducted at source (TDS).
Tips for Road Trips With Pets
Published November 18, 2008, 2:19 pm, Crestline Courier
(ARA) - Bringing the family pet along on a road trip may seem like a good idea - you don't have to ask friends or family to look after your pet and you can avoid the costs and concerns that go with boarding and kennels.
Navasota Examiner
Published November 18, 2008, 1:27 pm, Navasota Examiner
(ARA) - First-time buyers account for a third of all-terrain vehicle sales each year. As with any major purchase, a little education can go a long way towards helping you get the best possible deal for your money.
Bedford earns safety credits
Published November 18, 2008, 10:13 am, Bedford Minuteman
For the past five years, the town of Bedford has been cited for having one of the most active safety committees in the Massachusetts Interlocal Insurance Association (MIIA) program. Bedford has participated in the MIIA Rewards Program and earned approximately $32,600 MIIA reward credits in the 2008 fiscal year, which is being applied to residents‘ 2009 insurance costs.
Nigeria: SA Insurance Posts N1.18 Billion for 3rd Qtr
Published November 18, 2008, 10:06 am, AllAfrica.com
Standard Alliance Insurance Plc, one of the three insurance firms which received nominations from the Nigerian Stock Exchange for its prestigious President's award for 2008 held recently in Lagos, has recorded N1.18billion as profit before tax from its operations in the third quarter of this year.
Zucker & Associates wins award
Published November 18, 2008, 4:13 am, The Marion Star
WOOSTER - Zucker & Associates has received a Bronze Level Winner's Circle Award from Wayne Mutual Insurance Co., a news release states.
The Fraser Institute: Three of Four Provinces With Government Auto Insurance Monopolies Have Highest Rates in Canada
Published November 18, 2008, 3:00 am, Marketwire via Yahoo! Finance
Government-run auto insurance monopolies in British Columbia, Saskatchewan and Manitoba are charging some of the highest average premiums in Canada, concludes a new report released today by the independent research organization the Fraser Institute.
Tom Doctoroff: Chinese Consumers: On Rocky Shoals but Not Shipwrecked
Published November 18, 2008, 1:51 am, HuffingtonPost
This is the first time in history in which a Chinese middle class of broad scale (125-150 million people) has confronted a global economic shock,...
Advocacy groups urge delay in cuts to state budget
Published November 18, 2008, 12:13 am, Rutland Herald
MONTPELIER -- A coalition of nonprofit groups and advocacy organizations urged Gov. James Douglas and lawmakers Monday to delay any new cuts to the state budget until the Vermont Legislature reconvenes in January. ... - By DANIEL BARLOW Vermont Press Bureau
Ron Baron Buys Mohawk Industries Inc., Kaydon Corp., Advent Software Inc., Sells The Boeing Company, Automatic Data ...
Published November 17, 2008, 2:31 pm, Guru Focus
Ron Baron had a bad year, it is so bad that he almost cancelled his annual shareholders' conference. But Ron Baron is still one of the best growth investor out there. If you are looking long term small cap ideas, look into his portfolio. Ron Baron owns 241 stocks with a total value of $15.4 billion. These are the details of the buys and sells for the third quarter. New Purchases: ACE, ADVS, ARG, ...
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