Definitions for "Net Premium"
The portion of the premium rate that is designed to cover benefits of the policy, but not expenses, contingencies, or profit. The term is also used to describe the portion of the premium remitted to the home office by an agent after deduction of the agent’s commission.
The actual premium amount credited to a life insurance or annuity certificate. The net premium is equal to the gross premium minus the sales and/or expense charges.
In insurance, the total premium minus dividends.
Keywords:  benefits, order, money, amount, meet
The amount of money that must be collected in order to meet the benefits to be paid.
The amount of money an insurer needs in order to provide benefits for a policy.