earned premium

noun

: the difference between the amount of premium paid by the insured and the amount returned to the insured by the insurer upon cancellation of a policy before its term expires

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Dictionary Entries Near earned premium

Cite this Entry

“Earned premium.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/earned%20premium. Accessed 28 Sep. 2022.

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