Return premium,
Definition of Return premium:
An amount, equal to a fraction of the premium, which is given back to the insured in the case of a cancellation, an adjustment to the rate, or an overpayment of an advance premium.
Meaning of Return premium & Return premium Definition
Return Premium,
What is The Definition of Return Premium?
If the actual cost of this policy is less than the amount already paid, the amount owed to the insurers. For example, if the threshold is lowered, the initial estimated risk exceeds the test risk or the policy is canceled.
As a result of cancellation, rate adjustment or calculation, a portion of the premium is returned to the policyholder if the expected premium exceeds the actual premium.
Return Premium means, A portion of the premium is returned to the policyholder on the basis of expiration, rate adjustment or calculation that the expected premium exceeds the actual premium.
A simple definition of Return Premium is: If the actual cost of the policy is less than the amount paid, the premium amount due to the policyholder.
In case of termination of the contract, tariff adjustment or overpayment of the expected premium, part of the premium paid will be refunded to the insured.
Literal Meanings of Return Premium
Return:
Meanings of Return:
To come or return to a place or person.
Giving or giving back (something) to a place or person.
Return or accept (win)
(Selector) Select (a person or party) for the office.
Keep changing the direction (of the wall), especially at right angles.
Walking or returning to a place or activity.
Profit from an investment
An official report or statement was sent in response to the formal request.
Choice for office.
The button is pressed to return the electric typewriter carriage to a certain position. In the word processing program, a key is pressed on the computer keyboard to return the carriage or to indicate the end of the data command or string.
Sentences of Return
Back to Canada in the fall
Fill out the registration form and send it to this address
The company reported a profit of 4. 3.3 million
Democrats sent him back to the third district
Celebrate your safe return from war
Product areas are designed to maximize profits.
Census results
We are campaigning for the return of Young and Elkins
The master bedroom is at the back of the first floor, with windows overlooking the river.
Synonyms of Return
earn, hand back, submission, paper, dividend, register, pick, profit, information, gross, fetch, diary, send back, vote in, account, journal, get back, yield, revenue, come again, percentage, secure
Premium:
Meanings of Premium:
Amount paid for the insurance policy.
Price added to price or general cost.
Something is given as a gift, reward or incentive.
Sentences of Premium
Accurately, the earnings of a pensionable worker are made up of the premium paid for the claim equal to his salary.
Consumers are reluctant to pay more for organic fruits
The Society des Arts gave him a bonus
Synonyms of Premium
recompense, regular payment, instalment, insurance charge, additional fee, extra amount, percentage, prize, reward, additional payment, remuneration, surcharge, insurance payment, extra, bonus, perk, extra charge
Return Premium,
Return Premium:
Amount due to the policyholder if the actual cost of the policy is less than the amount already paid. For example, if the threshold is lowered, the initial estimate is higher than the tested risk or the policy is canceled.
Return Premium can be defined as, A portion of the premium is returned to the policy based on cancellation, rate adjustment, or calculation that the expected premium exceeds the actual premium.
A portion of the premium is returned as a result of cancellation, rate adjustment or calculation that the expected premium is higher than the actual premium.
The premium amount due to the insured if the actual cost of the policy is less than the amount paid.
Literal Meanings of Return Premium
Return:
Meanings of Return:
Return or return to a place or person.
Giving, keeping or returning (something) to a place or person.
Win or lose (profit)
(The electorate) elects (one person or party) in the office.
(Wall) on the other hand, especially at right angles.
The act of walking or returning to a place or activity.
An official report or statement submitted in response to a formal request.
Election for office.
A procedure or key in a typewriter that returns the vehicle to a designated position at the beginning of a new line.
The part away from the front line, for example the side of the house or the window opening.
Sentences of Return
Return to the United States at the end of the fall.
The company made a profit of £ 4.3 million.
The city of Glasgow expelled eleven Labor parliamentarians
I advocate the return of 44 members.
Synonyms of Return
reinstall, carry back, data, reinstate, bunce, pay out, homecoming, log, arrive back, net, clear, bring in, report, pay back, give back, restore, returns, summary, put back, go back, income, document
Premium:
Meanings of Premium:
Amount payable under the insurance contract.
Price or value added to the general price.
Sentences of Premium
Consumers are reluctant to pay too much for organic fruits.
Synonyms of Premium
incentive, inducement, bounty, perquisite, extra amount/charge
Return Premium,
Return Premium: What is the Meaning of Return Premium?
Return Premium means: Amount owed to the policyholder if the actual value of the policy is less than the amount already paid; For example, if the threshold is lowered, the risk initially estimated exceeds the risk experienced or the policy is canceled.
Meaning of Return Premium: A portion of the premium is returned on cancellation, rate adjustment, or on the policy that the expected premium exceeds the actual premium.
If the actual cost of the policy is less than the amount already paid, then the premium amount for the insured.
Return Premium means, A portion of the premium is returned on cancellation, rate adjustment, or on the policy that the expected premium exceeds the actual premium.
Literal Meanings of Return Premium
Return:
Meanings of Return:
(Selectors) select (a person or party) for the office.
A typewriter has a mechanism or key that returns the vehicle to a designated position at the beginning of a new line.
The part away from the fa لکade line, for example the opening of a house wall or window.
Sentences of Return
Back to the United States at the end of the fall
Celebrating a safe return from war.
Product areas are in the process of development for maximum profit.
Synonyms of Return
write-up, elect, take back, choose, record, file, pocket, select, statement, arrive home, remit, come home, travel back, interest, replace, make, repay, come back, opt for, put in power, dossier, adopt, realize
Premium:
Meanings of Premium:
Cost or price included in the general price.
Sentences of Premium
The Société des Arts gave him a bonus.
