The fraction of the premium which has remained unused during the time frame in which the premium was paid.
Related information about unearned premium:
- unearned premium (UEP) - Insurance Glossary
unearned premium (UEP) - That portion of the policy premium that has not yet been 'earned' by the company because the policy still has some time to run before ...
- Unearned Premium Definition | Investopedia
The premium corresponding to the time period remaining on an insurance policy. Unearned premiums are proportionate to the unexpired portion of the risk, ...
- Cancellation (insurance) - Wikipedia, the free encyclopedia
A penalty method that where the penalty is 10% of the unearned premium. ... The return premium is calculated by calculating the unearned premium and then ...
- unearned premium: Definition from Answers.com
Insurance premium that is paid beyond the current period, so it is not yet earned by the insurer. If the policy is canceled, the insured should receive.
- What Is an Unearned Premium?
An unearned premium is part of a payment to an insurance company that the company collects in advance, but will return if the...
- What is unearned premium? definition and meaning
Definition of unearned premium: An insurance premium that is paid by the customer in advance and which the insurance company has not earned. In the event ...
- unearned premium revenue definition | AccountingCoach.com
A liability account that reports an insurance company's premiums received from its insured that have not yet been earned.
- unearned premium - The Free Dictionary
Something offered free or at a reduced price as an inducement to buy something else. 3. A sum of money or bonus paid in addition to a regular price, salary, ...