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What is the definition of gross premium?

Updated: 9/11/2023

Wiki User

∙ 16y ago

Best Answer

It is your total premium paid.

Wiki User

∙ 16y ago

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Related questions

What is the definition of gross premium reserve?

Money set aside to fund future benefit payouts

What is gross premium car insurance?

Gross Premium is the Total premium indicated to be charged.

What is the definition of net premium?

What is the definition of premium leverage

Is net premium written gross premium written less net ceded premium meaning gross ceded premium less ceding commission?

Net Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.

How do you calculate gross premium?

how do you find out gross written premium if they provided loss ratio and claim paid

What best describes gross annual premium?

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

Net single premium and loading compute gross premium. How?

net single premium

Does gwp gross written premiums include taxes?

Gross Written Premium includes commissions (to broker/agents) and reinsurance. But it excludes insurance premium tax.

How much money did Premium Rush gross worldwide?

Premium Rush grossed $31,393,201 worldwide.

How much money did Premium Rush gross domestically?

Premium Rush grossed $20,275,446 in the domestic market.

What is the definition of insurance premium?

The price or cost of the coverage purchased.

What is the definition of gruesome?

Gross, disgusting, nasty, disturbing.

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