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What is the definition of gross premium reserve?

Updated: 9/15/2023

Wiki User

∙ 15y ago

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Money set aside to fund future benefit payouts

Wiki User

∙ 15y ago

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Q: What is the definition of gross premium reserve?

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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.

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