What Does Gross Premium Mean?

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What does Gross Premium mean? Read on to discover the definition & meaning of the term Gross Premium - to help you better understand the language used in insurance policies.

Gross Premium

Gross Premium

A gross premium is the total premium amount, including money that is paid for things like commissions and expenses. This number is separate from the net premium, which does not factor in these additional expenses.

We hope the you have a better understanding of the meaning of Gross Premium.

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