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gross premium
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Definition of 'gross premium'

gross premium 
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in Insurance

(groʊs primiəm) Quick Word Challenge

Word forms: (regular plural) gross Question: 1 - Score: 0 / 5
premiums HOUSEHOLD

NOUN What is this an image of?

(Insurance: Sales and distribution)

A gross premium is the total premium of
an insurance contract before brokerage
or discounts have been deducted.

In reinsurance, the primary insurance

company usually pays the reinsurer its
proportion of the gross premium it
receives on a risk.
The gross premium is the total premium sofa
paid by the policy owner, and generally
consists of the net premium plus the washing machine
expense of operation minus interest.
A gross premium is the total premium of armchair
an insurance contract before brokerage
or discounts have been deducted. table

premium
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Mar 20, 2024

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