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A premium expense charge imposed by an insurer is typically found on universal life insurance policies and is designed to enable the insurer to recover its business acquisition costs and premium taxes.
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What is premium expense charges?
exspense charges that are premium.
What is the difference between Short Rate Cancellation vs Pro Rate Cancellation?
In Pro Rate cancellation , the insurer will not charge a penalty premium and the return premium is the premium for the unexpired term of the policy.While in Short Rate cancellation , the insurer charge for a penalty premium as the cancellation is due to insured request . The Insurer keeps a percentage of earned premium to cover its costs.
What does insurance monthly premium means?
This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.
How can pay premium of PLI through online gateway?
Now PLI premium can be paid online. For making payment first you have to create user id an password the website epostoffice.gov.in. but you have to pay some amount as payment gateway charge.
How am i able to cash in my flexible premium deferred annuity?
You can surrender the policy at anytime, you may have to pay a surrender charge if you're taking it out early.
What is premium expense charges?
exspense charges that are premium.
What is premium loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
How do you spell exspence?
The correct spelling is "expense" (expense, charge).
What best describes gross annual premium?
In fact, gross annual premium includes tax element including service tax charged on premium amount.
What is loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
When a bond is bought at a premium do you recognize income or expense?
You have a high probability of creating a principle loss.
What is a synonym for price?
cost, value, charge, expenditure, expense
What is the verb of the noun expense?
The word 'expense' is both a noun and a verb.The verb to 'expense' means to offset an item of expenditure against taxable income; to charge something to an expense account; a word for an action.
Is insurance an operating expense or general expense?
it depends on the type of insurance.. workers compensation insurance, health, dental, or vision are all payroll expense.. building insurance is an operating expense.. Payment of insurance premium should always be treated as general expense,to be shown in the debit side of the Profit & Loss A/c of a Company,whether it is payroll expense for its employees. While preparing individual Balance Sheet, payment of insurance premium where life, medical,home owner or else, should be shown as payment/expenditure and to claim benefits under Income Tax Act.
What is a synonym for expense?
cost, charge, expenditure, payment, spending, outlay
What item is not a reimbursable expense when using your travel charge card?
Gifts
What is the journal entry to record interest expense and bond premium?
debit interest expensedebit bond premiumcredit cash
