Premium that has been paid to an insurer but which has not been earned and is returned to the insured when the policy is canceled or the terms of the policy are changed, thus reducing the amount of premium due.
The amount due the policyowner if an insurance policy is canceled, reduced in amount, or reduced in rate.
( ristourne de prime ou restitution de prime) The amount of premium returned to the insured because of a reduction in the amount and/or type of coverage or improvement in the risk. Also this is the amount of premium returned to the insured, usually because of the early termination of a policy.
A premium refund made to the policyholder as a result of cancellation or amendment under the policy.
A refund to the policyholder of part of the premium he/she has paid caused by cancellation, rate reduction, reduction in the amount of insurance, or similar reasons.
The premium returned to an insured for canceling or amending a policy.
Percentage on a premium returned a policy holder as a result of cancellation, rate adjustment, or excess.
The money owed to the policyholder because of a change in or cancellation of an insurance policy.
That part of a premium returned to an insured upon cancellation or partial cancellation of a policy, when rate adjustments are necessary, or when an advance premium is in excess of the actual premium.
The amount of money the insurance company has to give back to you in the event of a PRO-RATA CANCELLATION or a SHORT-RATE CANCELLATION of your policy.
Premium returned to the insured for some reason, e.g., that the insurance never attached or that the risk was reduced in some way, for example, because an insured vessel was laid up for a time.
a premium payable back to the insured as a result of a change in policy cover or declaration adjustment to reflect reduced exposure or sums insured.
A refund of premium following cancellation of the policy or changes, which reduce the risk such as removing a young driver.
The refund of unearned advance premium resulting from cancellation of a hazard insurance policy prior to its expiration date or date to which the premium has been paid (see 'short-rate').
The amount of premium due the insured should the actual cost of a policy be less than the insured previously paid.
the amount due the insured if a policy is cancelled, reduced in amount or reduced in rate.
A portion of the premium returned to a policy owner as a result of cancellation, rate adjustment, or a calculation that an advance premium was in excess of the actual premium. See also Pro Rate and Short Rate.