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Base Premium

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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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The agency recently unveiled their updated health insurance Web portal for consumers to get information on, among other data points, monthly premium price estimates, the percentage of people denied coverage by a particular plan, and the percentage of people who pay more than the base premium.
493 would make it illegal to request or require genetic testing for enrollment in an insurance plan or to base premiums on genetic testing.
In the past, insurance companies would base premiums on a smaller percentage than the total replacement cost, usually less than 50 percent.
 
 
 
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