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The price or cost of the coverage purchased.
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∙ 15y ago
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What is the definition of insurance?
Insurance is defined as the compensation due to a loss, damage, death or illness. The compensation is in return for the payment of an insurance premium.
What is Definition of flexible premium life insurance?
should the buyer of flexible premium adjustable universal life insurance take the interest monthly or quarterly or shoule they turn it over
What is the definition of net premium?
What is the definition of premium leverage
What is the definition of state premium tax?
payment to a state or municipality by an insurance company based on premiums paid by residents
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?
Life insurance pays a death benefit when the insured party dies and the money can be given to his or her friends, family or next of kin. Non Life Insurance covers objects for theft or damages including home, property and cars.
What is the definition of gross premium?
It is your total premium paid.
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 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.
What is a car insurance premium?
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.
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.
