Adjustable Premium

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Adjustable Premium

A premium on an insurance policy that the insurer may alter. The premium may go either down or up, at least to a certain, stated limit. The premium may be adjusted depending on a change to the policyholder's life expectancy, the returns on the investments made with the premiums, and other factors.
References in periodicals archive ?
officer in charge of the PhilHealth's corporate communications unit said that adjusted premium contributions would cover those earning P8,000 and below, the informal sector, and land-based overseas Filipino workers.
This author already proposed an adjusted premium calculation principle for non-life insurance, based on the coherent risk measure (Artzner and Delbaen, 1999), distorted life expectancy with the Wang distortion function in potential form (Instantaneous proportional conversion of the amount), being the form of the distortion function g(u) = [u.
The actuarially adjusted premium controls for variation in premiums that is due to quantity variation rather than due to variation in the price per unit of quantity.
Moreover, farmers may enjoy, in some slaughter-related conditions, a premium on top of the special one: that is, a seasonally adjusted premium graded from Euro 18.
16 per share, the cash adjusted premium to the 90-day volume weighted average price is about 53%.
In our application we continue to believe that the adjusted premium, reflecting the loading fee and controlling for the quantity of insurance, is the correct price to enter into our purchase equation.
For years, the consensus among insurers was that fraud represented some small percentage of their business and they adjusted premiums accordingly.