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 ?
It is expressly agreed that the advance payments subject premium provided for in Article L.
The January 2001 Catastrophe Price Index is based on a sample of over 150 companies representing almost 500 treaties, and approximately 40% of estimated industry subject premium.
The January 2002 Catastrophe Price Index is based on a sample of over 150 companies representing almost 550 treaties, and approximately 40% of estimated industry subject premium.
The January 2000 Catastrophe Price Index is based on a sample of approximately 200 companies representing over 600 treaties, and approximately 45% of estimated industry subject premium.
The July 1999 Catastrophe Price Index is based on a sample of approximately 250 companies representing about 800 treaties, and approximately 45% of estimated industry subject premium.
According to the letter, Cologne Life Re agreed to participate in the pool based on Unicover's initial projection that gross subject premium over three years would amount to $600 million.
The January 1999 Catastrophe Price Index is based on a sample of approximately 250 companies representing about 850 treaties, and approximately 50% of estimated industry subject premium.
For both the three and nine-month periods of 1998, PMA Re posted lower loss ratios, primarily reflecting higher levels of favorable loss reserve development and the effects of more treaties written with ceding commissions, which increases the proportion of the subject premium assumed by PMA Re.
The July 1998 Catastrophe Price Index is based on a sample of approximately 275 companies representing over 900 treaties, and approximately 50% of estimated industry subject premium.
Earned premiums were impacted as well by the effects of a significant new two-year contract for which the second year premium is unearned and by negative adjustments on certain contracts for which clients provide an estimate of subject premium.
The 1996 Paragon Catastrophe Price Index is based on a sample of over 275 companies, representing over 1,000 treaties, and approximately 53% of estimated industry subject premium.