Insurance premium that is paid beyond the current period, so it is not yet earned by the insurer. If the policy is canceled, the insured should receive a refund of the unearned amount.
| Business Dictionary: Unearned Premium |
Insurance premium that is paid beyond the current period, so it is not yet earned by the insurer. If the policy is canceled, the insured should receive a refund of the unearned amount.
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| Dental Dictionary: unearned premium |
That part of the premium applicable to the unexpired part of the policy period.
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| Tender of Unearned Premium (insurance term) | |
| Unearned Premium Insurance (insurance term) |
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![]() | Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved. Read more | |
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