Insurance Terms: E
A | B | C | D | E | F | G | H | I | J-K | L | M | N | O | P | Q-R | S | T | U-V | W-Z Earned Premium is the amount advance premium an insurance policyholder has paid but, which has been “earned” by the insurance company because time has passed without claim. For example if an auto insurance policyholder pays 6-months of premium and the policy is cancelled after 2-months the insurance company has provided coverage for the 2-months and that portion of the paid insurance … Continue reading