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.
no, you have to pay for premium points to become premium
net single 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.
What is the definition of premium leverage
no