Medical Billing and Coding

What is premium loading in insurance?

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2014-04-17 02:07:55
2014-04-17 02:07:55

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

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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.


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


Single premium life insurance is life insurance coverage in which one premium payment is made and the life insurance policy is fully paid up with no additional life insurance premium payments required.


debit insurance premiumcredit cash / bank


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


A car insurance premium is the amount of money paid to an insurance company for a 6 month period. It is cheaper to pay the full premium that pay each month.


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.


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


debit insurance premium expensecredit cash / bank


Gross Premium is the Total premium indicated to be charged.


What does ceded premium mean


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.


No, if Insurance premium is paid in advance then it is a Prepayment - current asset.


In 2009 the average auto insurance premium for residents in Maryland is $2,295.


You can find information about premium insurance on insurance provider's websites. Some of these include Geico, Allstate, or Nationwide. On them you can find how to buy the insurance.





You will continue to pay insurance premium to renew the policy,irrespective of the claim to be submitted after truck accident.


Prepayment of the premium before it is due.



One can obtain premium whole life insurance through their current insurance company. Several companies such as TD Insurance and BMO Insurance, offer great rates.


Premium financing involves the lending of funds to a person or company to cover the cost of an insurance premium. Premium finance loans are often provided by third party finance entity known as a Premium Financing Company.


Indeterminate premium life insurance is a type of whole life insurance that specifies two premium rates: a guaranteed maximum, and a lower rate you actually pay. The lower premium level is for a set period of time. Then the company establishes a new rate that may be higher or lower than the initial premium. But your premium can never be more than the guaranteed maximum.


Yes, you can. It's called Single Premium Life Insurance. With single premium life insurance coverage one premium payment is made and the life insurance policy is fully paid up with no further premiums required.



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