Sentences with phrase «business premium collected»

Not exact matches

And to the extent that a business has to take up time collecting, or worrying about uncollected bills, the factor offers a reduction in aggravation that may be worth the price of the premium.

On average, a broker who connects a small business with a healthcare provider collects between 4 and 8 percent of the company's health premiums — fees that translate to several hundred dollars or more per employee per year, and keep coming in for as long as the business customer continues to maintain coverage.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

In Berkshire's property & casualty (P&C) insurance businesses, premiums are collected up front, but claims are paid out often years or decades later, allowing the float to be used for investments.

The Canadian Federation of Independent Business also noted today it had collected more than 50,000 petitions from small - business owners opposed to CPP premiuBusiness also noted today it had collected more than 50,000 petitions from small - business owners opposed to CPP premiubusiness owners opposed to CPP premium hikes.

The way it works is that, each year, the insurer deduct all expenses, such as death benefits paid and the costs of running the business, from the money they've made (premiums collected, investments, and any other sources of income) and pays out any net profit as a dividend.

Fact # 2: If your business is a bust and you end up unemployed, even though you paid the same EI premium as employees, you will NOT be eligible to collect regular EI benefits.

MKL operates with a similar business model to that of Berkshire Hathaway: Write insurance policies to collect premiums Invest the float Insurance companies make money in those -LSB-...]

These companies, after all, are in the business to collect premiums, not to pay victims.

Insurance companies maximize their business profits by gladly collecting your monthly premium.

The fact is, insurance companies are in the business to collect premiums, not to pay victims.

They are in the business of collecting premiums and paying out as little as possible.

United India Insurance Company has maintained its number one position in business in Kerala, collecting a premium income of Rs 536.95 crore for the financial year 2013 - 14.

Earlier, the Insurance Regulatory and Development Authority of India (Irdai) regulations made it mandatory for an agent to generate insurance business of a certain number of policies in a year, as well as collect a certain minimum amount of premium each year.

During last financial year, Kotak Life collected Rs 1,400 crore in new business premium segment and Rs 1,500 crore in renewal premium segment.

Requirements include $ 7.5 million in minimum capital, access to additional capital based on a state solvency review, a business plan that shows adequate support staff, and systems to collect premiums, pay claims and provide customer service, said Caleb Buhs, public information officer with the Michigan Department of Financial and Insurance Services.

The collected data will not be used to change your premium during your current policy term, cancel your policy, refuse to renew your policy, increase your premium on renewal or to confirm rating criteria currently used (for example, where vehicle is principally garaged, distance driven, pleasure / commute / business use).

State - run Life Insurance Corporation's (LIC) new business premium was the highest at Rs 10,737.92 crore, up 3 per cent from Rs 10,421 crore in July 2015, according to the data collected by sector regulator IRDAI.

«Insurance companies, as a whole, find that customers who have more than one line of business with an insurance company tend to be more stable and tend to stick around longer, allowing the insurance company to collect more in premiums — because it's always cheaper to retain business than find new business,» says Burr, owner of the AZ Insurance Team.

Any such dividend is dependent upon premiums collected in excess of losses and expenses for the particular class of business at the end of the policy period.

Future Group's general insurance arm is the larger business, as it had grown its premium income 53 per cent to Rs 938 crore during 2011 - 12 from Rs 612 crore collected in the previous financial year.

Insurance companies are in business to make money, so the amount they collect in premiums must exceed the amount they pay out in claims.

The third party Motor insurance is a loss making business, as the claims are more than the premium collected.

insurance is a loss making business, as the claims are more than the premium collected.

In order for an insurance company to make profit, one of the most important obligations is for the insurer to manage their approach to insurance risks so that the money they earn through the payment of premiums exceeds not just the costs of any claims or benefits that they may pay out during the period but also so that the amount of premiums collected exceeds the total of this figure and the operating expenses of the business during this period.

Insurance companies rely on collecting premiums and investing those premiums to stay in business.

Using information collected from the South Carolina Department of Insurance, we took a look at complaints and premiums for the most popular insurers in the Palmetto state and compared them to their share of business to derive the complaint index.

We collected a business premium of Rs 2,715 crore»» a 0215 per cent growth over the previous year and out of that, rural areas constituted 50 per cent.»

They're in the business of collecting endless premiums while only paying a small portion of them out to claims.