The portion of a premium already received by the insurer under which protection has not yet been provided. The entire premium is not earned until the policy period expires, even though premiums are typically paid in advance.
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This page contains a single entry by David published on July 11, 2005 10:58 PM.
UNDERWRITING INCOME was the previous entry in this blog.
UNINSURABLE RISK is the next entry in this blog.
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