Define: Gross Written Premium

How is Gross Written Premium defined in a legal contract?

• Gross Written Premium means all collected amounts associated with a business, less cancellations and returns, that are required to be reported as direct or assumed premium in conformity with [applicable law] and any unearned premium assumed or written. Seen in 5 SEC filings
• Gross Written Premium means the gross premiums for a subject business less cancellations and return premiums. Seen in 4 SEC filings
• Gross Written Premium means the total premium payable by a policyholder, less any tax/levy and cancellations/refunds. Seen in 3 SEC filings
• Gross Written Premium means any and all amounts charged to a policyholder on a covered insurance policy that are required to be reported as premium, exclusive of any surcharges yet clear of amounts returned for cancellation of the policy. Seen in 3 SEC filings
• Gross Written Premium means the premium recorded in the accounts of a company according to an insurance contract, before the subtraction of the commission, expenses of taking insurance and ceded premiums in reinsurance. Seen in 2 SEC filings
• Gross Written Premium means direct premium plus assumed premium.
  Seen in 2 SEC filings
• Gross Written Premium means gross premium written less cancellations and return premiums. It is calculated net of all commissions. Seen in 2 SEC filings
• Gross Written Premium means the total premium written before the deduction of commissions.
  Seen in 2 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of gross written premium' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Gross Written Premium means the total premium recorded, excluding cancellations, refunds, commissions, and surcharges.

Relevant Contract Types

• Insurance Policies
• Reinsurance Agreements

Relevant Circumstances

• Setting up new insurance policy contracts.
• Adjusting existing insurance policy contracts.
• Calculating the total premium for policyholders.

Relevant Sectors

• Insurance
• Reinsurance

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Genie Definition 2

Gross Written Premium means amounts charged to a policyholder, following [applicable laws], less amounts returned for policy cancellation.

Relevant Contract Types

• Insurance Policies
• Reinsurance Agreements

Relevant Circumstances

• Drafting clauses in insurance contracts.
• Calculating premiums according to applicable laws.

Relevant Sectors

• Insurance
• Reinsurance

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