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premium
(redirected from premium tax)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
premium,
n the amount charged by a dental benefits organization for coverage of a level of benefits for a specified time.
premium, earned,
n the portion of a policy's premium payment for which the protection of the policy has already been given.
premium rate,
n the price per unit of insurance.
premium tax,
n an assessment levied by a state government, usually on the net premium income collected in that state by insurance companies.
premium, unearned,
n the part of the premium applicable to the unexpired part of the policy period.


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State insurance regulators have also asked for an increase in their share of the portion of the premium tax poured into the general fund.
The bills give regulatory oversight of nonadmitted insurance to the insured's home state, and only the home state may levy a premium tax for nonadmitted insurance or require a surplus lines broker to be licensed.
Insurance premium tax, air passenger duty on budget flights and VAT on holiday clothes bought in the UK will cost Britons heading overseas a whopping pounds 1.
 
 
 
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