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.
References in periodicals archive ?
The premium is the premium (TTC) annual calculated on total premium base, is 13,556,000.
The negative outlook reflects the view of the substantial risk that TRL may not rebuild its premium base to a level that supports the ratings.
It is expected that the acquisition will increase IAG's premium base in New Zealand by nearly 30 per cent.
Lastly; the loss-ratio retention for a whole-account stop-loss is applied to the entire premium base, since all the lines are covered by the contract.
Fortis Australia's net written premium base in 2000 was A$269 million, compared with CGU Australia's premium base of A$1.
In the process, the disadvantaged fund becomes increasingly vulnerable to insolvency as its premium base declines.
Work is expected to begin in May, and upon completion, the facility is expected to be one of the largest premium base oil plants in the world.
AMI deals with about NZD360m of annual premiums and the acquisition would increase IAG's New Zealand premium base by nearly 30 percent.
The shift in terms of client base does underscore a shift of premium base, because those industries tend to have much less workers' compensation premiums associated with them than do manufacturing and construction," Yohn said, adding that workers' comp probably will lose its place as the largest line sometime in the future.
The company's premium base has expanded rapidly over the last several years from $1.
Establishes Chevron as the global leader in premium base oil production
Facility to Manufacture 25,000 Barrels of Premium Base Oil Per Day