What does Earned Reinsurance Premium mean? Read on to discover the definition & meaning of the term Earned Reinsurance Premium - to help you better understand the language used in insurance policies.
Earned Reinsurance Premium
The amount of premium allocated to the portion of the policy period that has elapsed at any given point in time. Reinsurance premiums are usually paid at the inception of the underlying policy to which they apply. Reinsurers recognize the premium as being earned as time elapses during the underlying policy period.
We hope the you have a better understanding of the meaning of Earned Reinsurance Premium.