It is your total premium paid.
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∙ 16y agoMoney set aside to fund future benefit payouts
Gross Premium is the Total premium indicated to be charged.
What is the definition of premium leverage
Net Premiums written = Gross Written premium less deductions for commissions and ceded reinsurance.
how do you find out gross written premium if they provided loss ratio and claim paid
In fact, gross annual premium includes tax element including service tax charged on premium amount.
net single premium
Gross Written Premium includes commissions (to broker/agents) and reinsurance. But it excludes insurance premium tax.
Premium Rush grossed $31,393,201 worldwide.
Premium Rush grossed $20,275,446 in the domestic market.
The price or cost of the coverage purchased.
In insurance, it is the policy premium without the producer or broker's commission. So, if your premium is $100,000 and commission is 7%, Gross Written Premium is $107,000. Your premium net of commission is $100,000.