Tags Life Insurance Homeowner's Insurance Q&A

Animals & Plants Arts & Entertainment Auto Beauty & Health Books and Literature Business Electronics Engineering & Technology Food & Drink History Hobbies Jobs & Education Law & Government Math People & Society Science Social Studies Sports Travel & Places

0

Auto>General Auto

What is the definition of gross premium reserve?

Updated: 9/15/2023

Wiki User

∙ 15y ago

Best Answer

Money set aside to fund future benefit payouts

Wiki User

∙ 15y ago

This answer is:

Add your answer:

Earn +20 pts

Q: What is the definition of gross premium reserve?

Write your answer...

Submit

Still have questions?

imp

Related questions

What is the definition of gross premium?

It is your total premium paid.

What is gross premium car insurance?

Gross Premium is the Total premium indicated to be charged.

What is security premium reserve?

Securities premium reserve is the amount when securities are issued at premium that is more than their face value.

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.

Is Share premium as capital or revenue reserve?

Share Premium is a Capital Reserve. They cannot pay dividends because share premium is a non trading activity.

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

Is share premium a capital reserve?

yes

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.

Trending Questions

When to notify auto insurance company son has provisional license in NJ? What is the trick on removing the main relay? What is the processing time for a life insurance claim? Do you need to be qualified for a dump truck driving jobs? What size wiper blades on a 2012 Nissan rogue? What is the drivetrain warranty on the 2014 Buick Encore? If a person has already claimed damages from the at fault drivers insurance company can that person still go ahead and sue the person at fault? If a tree in your yard falls during a wind storm and damages a car in your neighbors yard does your HO insurance cover it? What is the difference between measurement and inspection? What is the problem when a 95 GMC pickup starts burning out the 20 amp fuses for the dashboard lights when the headlights are turned on? What percentage of Europeans drive cars? Does a bad charcoal canister make your car smoke? Which car companies provide a free auto tune up? Can your husband have his daughter on his car insurance policy if she does not live with us? What size engine does the 2002 GMC Sierra-1500 have? Why the the headlights on 99 corolla work during the day but shut off at night? Can sticky key to ignition display led engine light? What are the tire pressures on a 2004 Yamaha r1? Is it by law the person you hit has the right to choose where to get their car fixed? How do you open the trunk on a 2006 chrysler 300c?

Previously Viewed

What is the definition of gross premium reserve?

Unanswered Questions

What is a geotechnical investigation? How did ancient civilizations measure time before the invention of mechanical clocks? Do I need to prepare anything before my appointment? Are there any specific male health issues common in Malaysia? Is it necessary to visit a male health clinic regularly? What services do male health clinics offer? What kinds of interactive activities and real-life situations do you incorporate into your spoken English lessons? Can Vashikaran be used for protection from negative energies?

Resources

Top Categories

Product

Company

Copyright ©2024 Infospace Holdings LLC, A System1 Company. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.