8 Terms
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Life insurance
Industry: Insurance
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Life insurance
net liabilities to policyholder surplus
Insurance; Life insurance
Net liabilities expressed as a ratio to policyholder surplus. Net liabilities equal total liabilities less conditional reserves, plus encumbrances on real estate, less the smaller of receivables from ...
net premium
Insurance; Life insurance
The amount of premium minus the agent's commission. Also, the premium necessary to cover only anticipated losses, before loading to cover other expenses.
net premiums earned
Insurance; Life insurance
The adjustment of net premiums written for the increase or decrease of the company's liability for unearned premiums during the year. When an insurance company's business increases from year to year, ...
net premiums written
Insurance; Life insurance
Represents gross premium written, direct and reinsurance assumed, less reinsurance ceded.
net underwriting income
Insurance; Life insurance
Net premiums earned less incurred losses, loss-adjustment expenses, underwriting expenses incurred, and dividends to policyholders.
nonstandard auto (high risk auto or substandard auto)
Insurance; Life insurance
Insurance for motorists who have poor driving records or have been canceled or refused insurance. The premium is much higher than standard auto due to the additional risks.
net premiums written to policyholder surplus
Insurance; Life insurance
This ratio measures a company's net retained premiums written after reinsurance assumed and ceded, in relation to its surplus. This ratio measures the company's exposure to pricing errors in its ...
