premium

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pre·mi·um

(prē'mē-ŭm)
The amount that must be paid to the insurer to maintain the desired health insurance coverage.

premium

(prē′mē-um)
A payment made periodically to a health care insurer in exchange for benefits coverage (indemnity against future expenses).

pre·mi·um

(prē'mē-ŭm)
The amount that must be paid to the insurer to maintain the desired health insurance coverage.
References in periodicals archive ?
An insurance enterprise shall recognize a liability for the unearned premium revenue at the inception of a financial guarantee insurance contract.
* The policy's ITR (defined below) plus unearned premiums, (13) plus estimated dividends, (14) or
Absent any information to the contrary, the Service assumes that 100% of premiums are treated as cost of insurance, so A's only basis in the contract is the unearned premium from the final one-half month, or $250.
The most significant sources of disparity between taxable income and book income are unearned premium, capital losses, and the difference between the discount factor used to value insurance loss reserves for book purposes and the mandatory discount in loss reserves for tax purposes.
The prepaid expense deferral was approximated as 20 percent of the change in the unearned premium reserve.
The decreased net earned premiums were due primarily to lower premiums written in the Workers Compensation operating unit due to a renewal rights agreement entered into during the second quarter of 2015 and subsequently amended during the third quarter of 2015 to cede 100% of the unearned premium effective July 1, 2015, as well as the impact on net premiums earned of lower net premiums written in our Specialty Commercial Segment during the fourth quarter of 2015, partially offset by increased retained premium under a renewed quota share reinsurance agreement effective October 1, 2014 in our Personal Segment.
Other benefits include more effective business intelligence capabilities that provide timely, reliable and all-inclusive financial information for trends, profitability analysis and exposure, in addition to account balance, unearned premium reserve and claims reserve.
The Southfield, Mich.-based specialty program manager says it will surrender 50 percent of unearned premium on a selected portion of its business in return for an undisclosed ceding commission, starting Dec.
However, the combined ratio is above the company's historical trends and reflects its increased level of unearned premium reserves driven by the introduction of IFRS, forthcoming UAE regulatory requirements and increased business retention."
In the state of Washington, if the vehicle is replaced for any reason, credit for any unearned premium cannot be transferred to the replacement vehicle.
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.
Investment income -- The capital base deployed to generate insurers' investment income has three major elements: policyholders' surplus; unearned premium reserves; and loss and loss-adjustment expense reserves.