- unearned premium reserve
-
unearned premium reserve see reserve
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
unearned premium reserve
Look at other dictionaries:
unearned premium reserve — A reserve required by modern statutes of insurance companies to assure the return of unearned premiums. 29 Am J Rev ed Ins § 56. A reserve which comes into being as the natural result of collecting premiums in advance for insurance to extend over … Ballentine's law dictionary
unearned premium reserve — noun : a reserve established at the end of any accounting period in insurance to represent premiums paid in advance for which protection is to be given in the future … Useful english dictionary
premium reserve — See unearned premium reserve … Ballentine's law dictionary
reserve — re·serve 1 vt re·served, re·serv·ing: to keep back or set apart: as a: to keep (a right, power, or interest) esp. by express declaration all rights reserved compare waive b: to defer a determination of (a question of law) … Law dictionary
reserve — Verb: To appropriate to a particular purpose. To exclude. To set aside. To set apart from that which has been granted. To make a reservation. Meigs v M Clung s Lessee (US) 9 Cranch 11, 17, 3 L Ed 639, 641. Noun: An organization of the Armed… … Ballentine's law dictionary
premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… … Black's law dictionary
Earned premium — is the portion of an insurance written premium which is considered earned by the insurer, based on the part of the policy period that the insurance has been in effect, and during which the insurer has been exposed to loss. For instance, if a 365… … Wikipedia
Medicare (United States) — President Johnson signing the Medicare amendment. Former President Harry S. Truman (seated) and his wife, Bess, are on the far right … Wikipedia
Balance sheet — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Taxation in the United Kingdom — This article is part of the series: Politics and government of the United Kingdom Central government HM Treasury HM Revenue and Customs … Wikipedia
