What is the Definition of Direct Premiums?

What is the Definition of Direct Premiums?

Property/casualty premiums collected by the insurer from policyholders, before reinsurance premiums are deducted. Insurers share some direct premiums and the risk involved with their reinsurers.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Direct Premiums?

What is the Definition of Direct Premiums?

Check out other definition of insurance terms below:


What is the Meaning of ACCIDENTAL DEATH AND DISMEMBERMENT (AD&D) BENEFIT In Insurance Terms?

A supplementary life insurance policy benefit that provides for an amount of money in addition to the policy’s basic death benefit. This additional amount is payable if the insured dies as the result of an accident or if the insured loses any two limbs or the sight in both eyes as the result of an accident.


What is the Meaning of ACCUMULATION AT INTEREST DIVIDEND OPTION In Insurance Terms?

An option, available to the owners of participating insurance policies, that allows a policy owner to leave policy dividends on deposit with the insurer and earn interest. (See Dividends)


What is the Meaning of ACTUAL CASH VALUE In Insurance Terms?

A form of insurance that pays damages equal to the replacement value of damaged property minus depreciation. (See Replacement cost)


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