MLchartDataset catalogue

Premium load

Term · Insurance and risk management · MLC-T-INS-002642

An additional charge added to the net premium of an insurance policy to cover the insurer's operating expenses, such as administrative costs, commissions, and taxes. This load also accounts for contingencies and profit margins. It is a component of the gross premium paid by the policyholder.

Table 1. Record
IdentifierMLC-T-INS-002642
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002642",
  "term": "Premium load",
  "field": "Insurance and risk management",
  "definition": "An additional charge added to the net premium of an insurance policy to cover the insurer's operating expenses, such as administrative costs, commissions, and taxes. This load also accounts for contingencies and profit margins. It is a component of the gross premium paid by the policyholder.",
  "url": "https://mlchart.com/terminology/insurance/premium-load/"
}

Record 2,655 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.