What is the Definition of Premiums Written?

What is the Definition of Premiums Written?

The total premiums on all policies written by an insurer during a specified period of time, regardless of what portions have been earned. Net premiums written are premiums written after reinsurance transactions.

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 Annuity?

What is the Definition of Premiums Written?

You can find random definition and meaning of insurance terms below:

What is the meaning of Real property

Land and the permanent things on it, such as buildings, outdoor fixtures, machinery and equipment.

What is the meaning of Rental reimbursement (auto)

Coverage that helps pay for alternative transportation (such as bus, subway or another car) if your car cannot be driven due to a covered loss. In your policy, this also may be referred to as Loss of Use, transportation expense or rental car expense.

What is the meaning of Renters Policy (also known as Tenants Policy)

An insurance policy that covers a tenant and some of their personal possessions.

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