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Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

November 18, 2017
PrintedOwl.com
In the insurance business, earned premium refers to the amount of premium that as been paid for in advance that has been "earned" by virtue of the fact that time has passed without any claims or losses. For example, a two-year term life insurance policy that has been paid in advance and is one year old with no claims would have one-year's worth of earned premium.
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