MEDICAL,USA: Cost of insurance coverage paid by the insured person either monthly, quarterly, or annually, to Medicare, an insurance company, or a managed care plan that keeps the policy in force.
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Payment required for Insurance. The price of insurance protection for a specified risk for a specified period of time:
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UK: sum paid by the policy holder to the insurer as consideration for the assumption of risk by the insurer (originally the additional interest paid on a bottomry bond as consideration for the loan being written off in the event of the loss of the cargo or vessel on which the loan was secured).
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The amount charged by an insurer or reinsurer as the price of granting insurance or reinsurance cover, as stated before or after the subtraction of brokerage and other deductions.
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The amount of money an insurance company charges for insurance coverage.
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US: The amount of money an insurer charges to provide the coverage described in the policy or bond. See TIC 225.001(5).
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The amount of money the insured pays the insurer to purchase insurance.
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The amount of payment due for insurance coverage that lasts for a certain time period, usually a month or a year.
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US: The sum paid by a policyholder to keep an insurance policy in force.