Deferred Premium

Posted on July 20, 2013July 20, 2013

The unpaid and yet undue premiums on Life Insurance, paid on other than an annual premium basis.

This entry was posted in . Bookmark the permalink.

Post navigation

LOSS RESERVE

A statement of condition, or balance sheet account set up by an Insurer, based on its expectations about future insurance claims. As claims occur they are charged against this reserve.