time on risk premium
Dutch translation: vaste premies
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| 11:11 Feb 23, 2010 |
| English to Dutch translations [PRO] Bus/Financial - Insurance | |||||||
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|  Selected response from: Barend van Zadelhoff Netherlands Local time: 06:48 | ||||||
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| 4 | vaste premies |
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| Discussion entries: 2 | |
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Answers
2 hrs confidence: 
vaste premies Explanation: enerzijds is het logisch in het zinsverband anderzijds kwam ik dit tegen: time on risk: This is the premium charged for the total period a risk is on cover i.e. from the inception or renewal date to the cancellation or expiry date. For example: An annual policy which incepted/renewed on 1/4/01 with a premium of Ł365 was cancelled on 18/6/01. The time- on- risk amount is Ł79 based on the following calculation: Full premium x (number of days from inception date to date of cancellation ¸ number of days in policy period). http://forum.wordreference.com/showthread.php?t=1686607 |
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