A premium amount derived from an approximate value of the final premium. This premium is paid at the start of the policy.
Related information about deposit or provisional premium:
- What is deposit or provisional premium? definition and meaning
Definition of deposit or provisional premium: A premium amount derived from an approximate value of the final premium. This premium is paid at the start of the ...
- Deposit (or Provisional) Premium - Definition of the Insurance Term ...
Deposit (or Provisional) Premium - The premium paid at the inception of a contract that provides for future premium adjustments. It is based on an estimate of ...
- What is deposit? definition and meaning
deposit broker · bank of first deposit (BOFD) · holding company depository receipt (HOLDR) · deposit or provisional premium · risk-based deposit insurance ...
- What is premium? definition and meaning
... Associate in Premium Auditing (APA) · experience modification · basic premium · proxy contest · deposit or provisional premium · back fee · negative points ...
- Glossary of General Insurance Terms
Deposit (or Provisional) Premium. The premium paid at the inception of a contract which provides for future premium adjustments. It is based on an estimate of ...
- Glossary - Tanner, Ballew and Maloof, Inc.
... examples, a deposit or provisional premium or estimated premium may be charged at the outset of a policy with final adjustment to come at the end of the term.
- Argo Insurance US Retail | Resources | Glossary of terms
... end of the policy period (inventory or payroll are two common examples), a deposit or provisional premium or estimated premium may be charged at the outset ...
- Staten Island Insurance Glossary Provided by RPM Insurance Agency
... examples, a deposit or provisional premium or estimated premium may be charged at the outset of a policy with final adjustment to come at the end of the term.