net single premium

The money that must be collected from a policyholder at one time to guarantee enough money to pay claims made on an insurance policy.

• This amount assumes that interest accrues at an expected rate and is based on a prediction of the likelihood of certain claims. [Cases: Insurance 2037. C.J.S. Insurance §§ 518–519, 742–745, 749–754.]

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词条贡献者

译员Clara，毕业于国内知名法学院，擅长翻译有关建筑领域的法律文件。