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.
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.
"These sausages are Premium grade" Premium=Grade A
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."
Gross Premium is the Total premium indicated to be charged.
net single premium
no, you have to pay for premium points to become premium
In fact, gross annual premium includes tax element including service tax charged on premium amount.
I HAVE LOST THE PREMIUM BOND INFORMATION
Unearned Premium = Policy Preimum - (Policy Premium * (No of Days Elapsed / 365))
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.
no