Definitions for "Provisional premium"
A premium based on an estimated exposure basis such as sales or payroll that is subject to variation.
( prime provisionnelle) An advanced premium on policies which vary in amount and in which the final adjustment of premium is made at the end of the policy term and/or at set intervening times.
The premium charged by an insurer upon inception of the policy, which is subject to adjustment upon audit or other measurement of actual exposure.