net premium

noun

: an insurance premium consisting of the amount required to pay the insurance liability on its becoming due without paying any expenses or contingent charges

Dictionary Entries Near net premium

Cite this Entry

“Net premium.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/net%20premium. Accessed 1 Mar. 2024.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!