Underwriting expenses incurred

Underwriting expenses incurred

Expenses, including net commissions, salaries and advertising costs, which are attributable to the production of net premiums written.

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Part of Speech: noun
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Blossary:
Industry/Domain: Insurance
Category: Life insurance
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Related terms

underwriting expenses incurred

Insurance; Life insurance

Expenses, including net commissions, salaries and advertising costs, which are attributable to the production of net premiums written.

Lloyd's

Insurance; Life insurance

Generally refers to Lloyd's of London, England, an institution within which individual underwriters accept or reject the risks offered to them. The Lloyd's Corp. provides the ...

Lloyds organizations

Insurance; Life insurance

These organizations are voluntary unincorporated associations of individuals. Each individual assumes a specified portion of the liability under each policy issued. The ...

National Association of Insurance Commissioners (NAIC)

Insurance; Life insurance

Association of state insurance commissioners whose purpose is to promote uniformity of insurance regulation, monitor insurance solvency and develop model laws for passage by state ...

dividend

Insurance; Life insurance

The return of part of the policy's premium for a policy issued on a participating basis by either a mutual or stock insurer. A portion of the surplus paid to the stockholders of a ...

earned premium

Insurance; Life insurance

The amount of the premium that as been paid for in advance that has been "earned" by virtue of the fact that time has passed without claim. A three-year policy that has been paid ...