Estimated Premium
Definition of "Estimated premium"
Method of premium payment under which a temporary premium is charged based on projected loss experience. At the end of the year this premium is adjusted to reflect the actual loss experience.
Popular Insurance Terms
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Insurance policy underwritten and issued by a syndicate listing each risk insured by each syndicate member. ...
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Signed receipt by policyowner acknowledging that policyowner is in possession of the policy. ...
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