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What is premium loading in insurance?

Wiki User

∙ 2014-04-17 02:07:55

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Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.

Wiki User

∙ 2014-04-17 02:07:55

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Related questions

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.

Net single premium and loading compute gross premium. How?

net single premium

What does insurance premium mean?

The premium is the cost that you must pay to have the insurance.

What is the difference between life insurance premium and non life insurance premium?

An insurance premium is the amount of money paid on a periodic basis for insurance of a given kind. The kind of insurance involved does not alter the definition of the term "premium". Therefore, a life insurance premium is an incremental amount paid for life insurance, and a non-life insurance premium is an incremental amount paid for another kind of insurance.

What is a single premium life insurance?

single premium life insurance: Single premium life insurance is a form of life insurance that's paid with one upfront lump-sum premium. Once you've purchased a single premium policy, you would receive a permanent death benefit that extends until you die.

What is the journal entry for payments of insurance premium?

debit insurance premium expensecredit cash / bank

Which of these will not cause your insurance premium to be higher?

Having a high deductible will not cause your insurance premium to be higher.

What does ceded insurance premium mean?

What does ceded premium mean

What is the title of a person in an insurance company who calculates the premium?

An Actuary is the person in an insurance company who calculates the premium

What is gross premium car insurance?

Gross Premium is the Total premium indicated to be charged.

Where can one find premium insurance?

When you are on the hunt for premium insurance, where to look will depend on the type of insurance you need. If you want premium health insurance you should look for companies like United Health or Wellpoint. If you are in the market for premium life insurance you should try companies like American General, or Allstate.

Does insurance premium mean monthly?

No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.

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