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7y ago

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How do you calculate gross premium on goods in transit?

To calculate the gross premium on goods in transit, first determine the total value of the goods being transported. Next, assess the risk factors associated with the transit, such as the mode of transportation and distance, to establish the appropriate insurance rate. Finally, multiply the total value by the insurance rate to obtain the gross premium. Ensure to consider any additional factors or endorsements that may affect the premium.


What is the formula for annual premium?

Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.


How would you use premium in a sentence?

"These sausages are Premium grade" Premium=Grade A


What is target premium?

Target premium is the amount that the agent's commission is based off of. It is neither the planned premium or minimum premium to keep the policy in force. Sometimes called the "commissionable premium."


What is gross premium car insurance?

Gross Premium is the Total premium indicated to be charged.


Net single premium and loading compute gross premium. How?

net single premium


Is getting premium on tribal wars free?

no, you have to pay for premium points to become premium


What best describes gross annual premium?

In fact, gross annual premium includes tax element including service tax charged on premium amount.


How do you find out if you have won with a Premium Bond if you have lost the Premium Bond information?

I HAVE LOST THE PREMIUM BOND INFORMATION


Calculation of unearned premium?

Unearned Premium = Policy Preimum - (Policy Premium * (No of Days Elapsed / 365))


What is the difference between annual premium and installment premium?

The annual premium is paid once a year and the installment premium is usually paid monthly and usually has additional fees added which costs more than the annual premium.


Can premium be written off to the share premium account?

no