Base Premium

(redirected from Subject Premiums)

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 ?
BUSINESS WIRE)--March 5, 1999--A pool formed to finance workers' compensation reinsurance grew beyond initial expectations to reach almost $8 billion in gross subject premiums, putting participating life insurance and reinsurance companies at greater risk than expected, according to one of the pool's members, BestWire reported today.
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.