Insurance

प्रीमियम की कमी

A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Quick answer: A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

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Quick answer

A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Why it matters

प्रीमियम की कमी matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Editorial context

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Questions and answers

Questions and answers

What is प्रीमियम की कमी?

In this glossary, प्रीमियम की कमी refers to: A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

How is प्रीमियम की कमी used in finance?

In finance communication, this term appears in contexts such as: "यदि अपेक्षित दावे और व्यय अर्जित न की गई प्रीमियम रिजर्व से अधिक हैं, तो बीमाकर्ता को प्रीमियम की कमी के लिए आरक्षित मान्यता देनी होती है।"

Why does प्रीमियम की कमी matter in finance?

प्रीमियम की कमी matters because it supports clear communication in Insurance contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.

Who uses प्रीमियम की कमी?

प्रीमियम की कमी is mainly used by Financial Analysts, Bankers, and Traders.

What category does प्रीमियम की कमी belong to?

In this glossary, प्रीमियम की कमी is grouped under Insurance. Related pages in this category explain adjacent procedures, commands and operational concepts.

Where does this definition come from?

This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.

Definition

A situation where the unearned premium reserve is insufficient to cover the expected future claims and expenses on unexpired insurance policies, requiring a premium deficiency reserve under accounting rules.

Operational example

Accounting standards require insurers to recognize a premium deficiency reserve if expected claims and expenses exceed unearned premium reserves.

Localized term

प्रीमियम की कमी

Localized example

यदि अपेक्षित दावे और व्यय अर्जित न की गई प्रीमियम रिजर्व से अधिक हैं, तो बीमाकर्ता को प्रीमियम की कमी के लिए आरक्षित मान्यता देनी होती है।

Definition language

English reference definition

Source

CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework

Category

Insurance

Exam relevance

  • CFA
  • ACCA
  • FRM

Target audience

  • Financial Analysts
  • Bankers
  • Traders

Related terms

Use the related links below to continue through connected finance terminology.

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