direct written premium

Definition

The amount of the premiums that have been collected before deducting any premiums sent to reinsurers.

Use this term in a sentence

You should try to make sure that you know how much the direct written premium will be before you sign.

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The direct written premium had to be explained to him thoroughly and we all thought it was a good thing to do.

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When judging the health of an insurance firm, do not settle for the direct written premium as a standard because you have to take into account the payments to re-insurers as well.

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