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What is flat premium?

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Anonymous

11y ago
Updated: 10/16/2024

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What is a flat extra premium on a life insurance policy?

flat extra premium methodIn life insurance, if a person does not meet health or other qualifications, insurance can be declined or rated. The flat extra premium method of rating the life insurance policy charges an extra flat dollar amount per $1,000 of policy value.http://ahtins.com/glossary/fff/f132.htm


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Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.


How would you use premium in a sentence?

"These sausages are Premium grade" Premium=Grade A


What is target premium?

Target premium is the amount that the agent's commission is based off of. It is neither the planned premium or minimum premium to keep the policy in force. Sometimes called the "commissionable premium."


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Gross Premium is the Total premium indicated to be charged.


Net single premium and loading compute gross premium. How?

net single premium


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What is the average commission for a health insurance policy?

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What best describes gross annual premium?

In fact, gross annual premium includes tax element including service tax charged on premium amount.