Advance Premiums occur when a policy has been processed, and the premium has been paid prior to the effective date. These are a liability to the company and not included in written premium or the unearned premium reserve. What is Advance Premiums , What does mean Advance Premiums , Insurance Guide, Insurance Glossary
Risk Based Capital (RBC) Ratio ratio used to identify insurance companies that are poorly capitalized. Calculated by dividing the company's capital by the minim... more
