Base Premium

Base Premium

The premium for an insurance policy that is used to calculate the premium for reinsurance. It is also called the subject premium or the underlying premium.
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With the move to Symphony Bluelight, we will be able to expand and utilise Address Base Premium to its full potential in both our control and back office environments.
Total quantity or scope: provisional estimate of the base premium 5452 097.
The majority of our business is still going to be in our base premium business line, but Gourmet Selection really allows us to compete effectively for a wider range of consumers, while allowing retailers to keep Sara Lee in the case without having to go to another brand to service that consumer," he says.
He added that the move also includes a 25 percent statewide reduction in the base premium of the company's renters insurance policies.
For this reason, my preference for 2002 only was to use the national envelope funding as a straightfor ward top-up to the fixed rate base premium under the Sheep Annual Premium arrangements.
During unfortunate event of death of the life insured, the beneficiaries would receive the highest of sum assured plus guaranteed additions accrued till date of death or 105% of premiums paid or 13 times annual base premium (for a policy term of 20 years).
When comparing base premium rates and overall value, policy differences must be considered.
We estimate that our average base premium will be $89.
Bharti AXA Life Secure Savings provides Guaranteed Additions of up to 10% of each year s cumulative base premium paid.
For example, a young family of four living in Ohio or Arizona or Michigan who chooses a Golden Rule Saver HSA plan with a $5,250 annual family deductible might have a monthly base premium of well under $200.
A European Court of Justice ruling early in 2011 said that insurers should not be able to base premiums simply on gender.
493 would make it illegal to request or require genetic testing for enrollment in an insurance plan or to base premiums on genetic testing.