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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.
BURLINGTON COUNTY: Three schools send off '09 grads
Published July 3, 2009, 2:49 pm, The Register-News
Caps and tassels abounded over the past week as all three local public high schools held their graduation ceremonies.
Daimler AG Reports a Total of 16,271 Cars Sold for the Mercedes-Benz Cars Division in the U.S. for June 2009
Published July 2, 2009, 4:21 am, The Auto Channel
NEW YORK, July 1 -- Daimler AG (stock exchange abbreviation DAI) today reported sales for the Mercedes-Benz Cars division in the U.S.
Lehman, teachers reach deal
Published July 1, 2009, 11:06 pm, Times Leader
LEHMAN TWP. – Around 8:30 p.m. Tuesday, Lake-Lehman School District earned the dubious distinction of having the longest-running teacher contract dispute in Luzerne County.
SBI Life becomes largest pvt life insurer
Published July 1, 2009, 2:24 pm, Express India
SBI Life has taken over ICICI Prudential to become the largest private insurer by garnering first year premium of Rs 784 crore in the first two months of the current fiscal.
Daimler AG Reports a Total of 16,271 Cars Sold for the Mercedes-Benz Cars Division in the U.S. for June 2009
Published July 1, 2009, 9:09 am, PR Newswire via Yahoo! Finance
Mercedes-Benz USA Records June Sales of 15,155
Market Vectors Family of Municipal Bond ETFs Announces Distributions
Published July 1, 2009, 6:51 am, Business Wire via Yahoo! Finance
NEW YORK----The Market Vectors ETF Trust announced regular monthly distributions today for five ETFs within the Market Vectors Family of Municipal Bond ETFs*.
The logic behind online auto insurance quotes
Published July 1, 2009, 6:41 am, Purcell Register
(ARA) - We all want affordable auto insurance, but sometimes it seems that the setting of auto insurance premiums are arbitrary and capricious. But there really is more method than madness to setting premiums and online auto insurance quotes. So, why does auto insurance cost what it costs?
New Jersey ushers in fiscal year with added, higher taxes
Published July 1, 2009, 1:50 am, The Star-Ledger
Get ready to pay more for booze, cigarettes, insurance
Tax Secrets of the Wealthy: Roth IRA a sure tax winner; tax-free E/R plan even better
Published June 30, 2009, 5:30 pm, Naples Daily News
Every tax newsletter, journal, and other publication (I read a bunch of them in my never-ending struggle to stay current on the tax law) has had one or more articles on the virtues of Roth IRAs in the past three months.
Senior Ruth starts fast
Published June 30, 2009, 1:34 pm, The Sudbury Town Crier
The Sudbury Sr. Babe Ruth team has taken a 5-2 record into an unexpected break due to all of the rain in June.
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