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The term premium volume is a measure of in-force business in a health insurance company. In-force business refers to the aggregate total of insurance policies which are being paid that a health insurance firm has on its record.
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What does the word premium mean?
Premium is an amount to be paid for an insurance policy or something given as an award.
Does premium mean vanilla yes?
yes
What does Net of Commission mean. can anyone help to define please?
In insurance, it is the policy premium without the producer or broker's commission. So, if your premium is $100,000 and commission is 7%, Gross Written Premium is $107,000. Your premium net of commission is $100,000.
What does volume of a book mean?
the number in the series
What does the term other hearing mean in court?
what does the term "other hearing" mean in the court of law
What does the term volume mean in mathematical terms?
Volume is the area within a hollow 3 dimensional shape.
What does the science term volume mean?
The amount of space that something occupies.
What does ceded insurance premium mean?
What does ceded premium mean
What does flexible premium multi-funded life mean?
A flexible premium multi-funded life means that it is a term life insurance. Aside from that, it has a side fund that grows and which is tax deferred.
What are some different types of insurance terms?
The different types of insurance terms are "Annual renewable term" and "Level premium term." The Annual renewable term usually has the lowest annual premium to start and the Level renewable term lets you lock in your premium for that period.
What is the premium on money in a currency exchange?
Agio is the term for the premium on money in a currency exchange.
What is annual renewable term insurance?
It implies that it is not a single or one-time premium policy and you are pay annualized premium for the renewal of the term policy.
What is annually renewable term life insurance?
It implies that it is not a single or one-time premium policy and you are pay annualized premium for the renewal of the term policy.
What does the term average payload CAPACITY mean?
The maximum safe weight and volume a carrier can handle.
What does using a term density mean?
Density is the mass per unit volume of any substance.
What does the word volume mean in sound?
"Volume" is a term referring to how loud a sound is to humans and animals. Most entertainment devices that use sound have a "Volume Control", typically labelled, "Volume". Volume is not quite the same as "Loudness", by the way.
Can a term rider be part of a term insurance policy?
A term life insurance policy is one that lasts for a finite period of time. The premium can stay level or increase with age, depending upon the product. Various kinds of riders are available for an additional premium (just as with whole life insurance policies). These include riders that undertake to pay the premium if the insured becomes disabled. If you can be more specific as to what you mean by a "term rider", I would be pleased to try to provide you with a further explanation.
