Use "Unearned Premium" in a sentence | "Unearned Premium" sentence examples
Unearned premium is a term commonly used in the insurance industry to refer to the portion of an insurance premium that has been paid in advance but has not yet been earned by the insurance company. It represents the amount of money that the insurer has received for coverage that has not yet been provided. When using the phrase "unearned premium" in a sentence, it is important to provide context and clarity to ensure that the meaning is properly conveyed. Here are some tips on how to use this term effectively:
1. Define the term: When introducing the phrase "unearned premium" in a sentence, it is helpful to provide a brief definition to ensure that the reader understands its meaning.
For example, "An unearned premium is the portion of an insurance premium that has been paid in advance but has not yet been earned by the insurer."
2. Use it in an insurance context: Since "unearned premium" is a term specific to the insurance industry, it is important to use it in a sentence that relates to insurance policies or coverage. For instance, "The insurance company calculated the unearned premium by subtracting the earned premium from the total premium received."
3. Provide an example: To further illustrate the concept of unearned premium, it can be helpful to provide an example in your sentence.
For example, "The policyholder canceled their insurance policy after three months, resulting in a refund of the unearned premium for the remaining nine months of coverage."
4. Highlight its financial implications: Emphasize the financial impact of unearned premium in your sentence. For instance, "The insurance company must account for unearned premiums as a liability on their balance sheet until the coverage is provided or the policy is canceled."
5. Discuss the calculation process: If relevant, explain how unearned premium is calculated in your sentence.
For example, "The insurance company uses a pro-rata method to determine the unearned premium, dividing the total premium by the number of days in the policy term and multiplying it by the remaining days."
6. Address regulatory requirements: Depending on the jurisdiction, there may be specific regulations regarding the treatment of unearned premiums. If applicable, mention any legal or regulatory considerations in your sentence. For instance, "Insurance companies are required by law to refund unearned premiums within a certain timeframe after policy cancellation."
7. Use it in a broader insurance context: To demonstrate a deeper understanding of the insurance industry, incorporate the term "unearned premium" in a sentence that discusses broader insurance concepts.
For example, "Understanding the concept of unearned premium is crucial for insurance professionals to accurately assess risk and determine appropriate premium rates." By following these tips, you can effectively incorporate the term "unearned premium" into your sentences, providing clarity and understanding to your readers within the context of the insurance industry.
In the remaining portion of this article, additional example sentences are presented to demonstrate the usage of the term "Unearned Premium" within sentences.
"Unearned Premium"
(1) The unearned premium is refunded on a pro-rata basis.
(2) The unearned premium is refunded to the policyholder's account.
(3) The unearned premium is a common term used in insurance accounting.
(4) The unearned premium is recognized as revenue over the policy term.
(5) The unearned premium is an asset for the insurer until it is earned.
(6) The unearned premium is typically spread out over the policy period.
(7) The unearned premium is recognized as revenue over the policy period.
(8) The unearned premium is a common term used in the insurance industry.
(9) The unearned premium is typically calculated using a pro-rata method.
(10) The unearned premium is an important concept in insurance accounting.
Sentence For "Unearned Premium"
(11) The unearned premium is a liability until it is earned by the insurer.
(12) The unearned premium is calculated based on the remaining policy term.
(13) The unearned premium is an important concept in the insurance industry.
(14) The unearned premium is an asset for the policyholder until it is used.
(15) The unearned premium is adjusted if there are any changes to the policy.
(16) The unearned premium is calculated based on the policy's effective date.
(17) The unearned premium is an estimate of the insurer's potential liability.
(18) The insurance company must calculate the unearned premium for each policy.
(19) The unearned premium is an asset for the policyholder until it is refunded.
(20) The unearned premium is prorated if the policy is canceled before its term.
"Unearned Premium" In A Sentence
(21) The unearned premium is reduced as the policyholder makes premium payments.
(22) The unearned premium is held by the insurer until the policy period expires.
(23) The unearned premium will be returned to the policyholder upon cancellation.
(24) The unearned premium is a key component of an insurer's financial statements.
(25) The unearned premium is typically higher at the beginning of the policy term.
(26) The unearned premium is an accounting concept that helps insurers manage risk.
(27) The unearned premium is an important source of income for insurance companies.
(28) The unearned premium is forfeited if the policy is canceled due to non-payment.
(29) The unearned premium is adjusted periodically based on the insurer's experience.
(30) The unearned premium is an asset that represents future revenue for the insurer.
"Unearned Premium" Sentence
(31) The unearned premium is reduced if the policyholder cancels the policy mid-term.
(32) The unearned premium is a liability for the insurance company until it is earned.
(33) The unearned premium is adjusted if there are any changes to the policy coverage.
(34) The unearned premium is prorated based on the time remaining in the policy period.
(35) The unearned premium is an important factor in determining the insurer's reserves.
(36) The insurance company refunded the unearned premium after the policy was canceled.
(37) The unearned premium represents the portion of the premium that has not been used.
(38) The unearned premium is an important consideration when pricing insurance policies.
(39) The unearned premium is typically refunded to the policyholder on a pro-rata basis.
(40) The unearned premium is typically returned to the policyholder on a pro-rata basis.
"Unearned Premium" Sentence Examples
(41) The unearned premium is an important metric for evaluating an insurer's performance.
(42) The unearned premium is earned by the insurer as time passes during the policy term.
(43) The unearned premium is refunded to the policyholder if the insurer denies coverage.
(44) The unearned premium is recognized as revenue when the policyholder pays the premium.
(45) The unearned premium is adjusted based on changes in the policyholder's risk profile.
(46) The unearned premium is a factor that affects the overall cost of insurance coverage.
(47) The unearned premium is an important factor in determining an insurer's profitability.
(48) The unearned premium is an important consideration in insurance contract negotiations.
(49) The unearned premium is recognized as income when the policyholder cancels the policy.
(50) The unearned premium is refunded to the policyholder if the insurer becomes insolvent.
Sentence With "Unearned Premium"
(51) The unearned premium is returned to the policyholder if the insurer becomes insolvent.
(52) The unearned premium is returned to the policyholder if the insurer cancels the policy.
(53) The unearned premium is an accounting term used to describe prepaid insurance coverage.
(54) The unearned premium is a liability for the insurance company until the policy expires.
(55) The unearned premium is a key component in determining the insurer's financial position.
(56) The unearned premium is a liability that the insurer must reserve for potential refunds.
(57) The unearned premium is typically recorded as a liability on the insurer's balance sheet.
(58) The unearned premium is typically refunded to the policyholder if the policy is canceled.
(59) The unearned premium is an amount that the policyholder has paid in advance for coverage.
(60) The unearned premium is a liability that must be reported on the insurer's balance sheet.
Use "Unearned Premium" In A Sentence
(61) The unearned premium will be adjusted if the policyholder makes any changes to the policy.
(62) The unearned premium is transferred to a new policy if the policyholder switches insurers.
(63) The unearned premium is prorated based on the length of time the policy has been in effect.
(64) The unearned premium is calculated by subtracting the earned premium from the total premium.
(65) The unearned premium is a liability because it represents an obligation to provide coverage.
(66) The unearned premium is an important factor in determining the insurer's financial stability.
(67) The unearned premium is a liability that the insurer must report on its financial statements.
(68) The unearned premium is calculated based on the number of days remaining in the policy period.
(69) The unearned premium is a liability that must be accounted for on the insurer's balance sheet.
(70) The unearned premium is an estimate of the amount of premium that will be earned in the future.
Sentence Using "Unearned Premium"
(71) The unearned premium is an important concept for both insurers and policyholders to understand.
(72) The unearned premium represents the portion of the insurance premium that has not yet been used.
(73) The unearned premium is an accounting concept that helps ensure the insurer's financial stability.
(74) The unearned premium is an important factor in determining the refund amount for canceled policies.
(75) The unearned premium is a portion of the total premium that has not yet been earned by the insurer.
(76) The unearned premium represents the portion of the premium that has not yet been earned by the insurer.
(77) The unearned premium is adjusted if the policyholder adds or removes coverage during the policy period.
(78) The unearned premium is refunded to the policyholder if the policy is canceled due to a change in risk.
(79) The unearned premium is an amount that the policyholder is entitled to receive if the policy is canceled.
(80) The unearned premium is returned to the policyholder if the policy is canceled before the expiration date.
Sentences With "Unearned Premium"
(81) The unearned premium is refunded to the policyholder if the policy is canceled due to the insured's death.
(82) The unearned premium is refunded to the policyholder if the policy is canceled within the free-look period.
(83) The unearned premium is an important consideration when evaluating the profitability of an insurance company.
(84) The unearned premium is refunded to the policyholder if the policy is canceled due to the insured's relocation.
(85) The unearned premium is refunded to the policyholder if the policy is canceled due to the insured's retirement.
(86) The unearned premium is refunded to the policyholder if the policy is canceled due to the insured's disability.
(87) The unearned premium is an important consideration when determining the cost of insurance for a specific policy.
(88) The unearned premium is refunded to the policyholder if the policy is canceled due to the insured's unemployment.
(89) The unearned premium is refunded to the policyholder if the policy is canceled due to a material misrepresentation.
Learning English Faster Through Complete Sentences With "Unearned Premium"
Sentences are everywhere.
Without sentences, language doesn’t really work.
When you first started learning English, you may have memorized words such as English meaning of the word "Unearned Premium"; But now that you have a better understanding of the language, there’s a better way for you to learn meaning of "Unearned Premium" through sentence examples.
True, there are still words that you don’t know. But if you learn whole sentences with "Unearned Premium", instead of the word "Unearned Premium" by itself, you can learn a lot faster!
Focus Your English Learning On Sentences With "Unearned Premium".
Why Is Focusing on Sentences Important?
Sentences are more than just strings of words. They’re thoughts, ideas and stories. Just like letters build words, words build sentences. Sentences build language, and give it personality.
Again, without sentences, there’s no real communication. If you were only reading words right now, you wouldn’t be able to understand what I’m saying to you at all.
- The Word "Unearned Premium" in Example Sentences.
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- How to use "Unearned Premium" in a sentence.
- 10 examples of sentences "Unearned Premium".
- 20 examples of simple sentences "Unearned Premium".
All the parts of speech in English are used to make sentences. All sentences include two parts: the subject and the verb (this is also known as the predicate). The subject is the person or thing that does something or that is described in the sentence. The verb is the action the person or thing takes or the description of the person or thing. If a sentence doesn’t have a subject and a verb, it is not a complete sentence (e.g., In the sentence “Went to bed,” we don’t know who went to bed).
Four Types Of Sentence Structure.
Simple Sentences With "Unearned Premium"
A simple sentence with "Unearned Premium"contains a subject and a verb, and it may also have an object and modifiers. However, it contains only one independent clause.
Compound Sentences With "Unearned Premium"
A compound sentence with "Unearned Premium" contains at least two independent clauses. These two independent clauses can be combined with a comma and a coordinating conjunction or with a semicolon.
Complex Sentences With "Unearned Premium"
A complex sentence with "Unearned Premium" contains at least one independent clause and at least one dependent clause. Dependent clauses can refer to the subject (who, which) the sequence/time (since, while), or the causal elements (because, if) of the independent clause.
Compound-Complex Sentences With "Unearned Premium"
Sentence types can also be combined. A compound-complex sentence with "Unearned Premium" contains at least two independent clauses and at least one dependent clause.