MLchartDataset catalogue

Premium prepayment

Term · Insurance and risk management · MLC-T-INS-002646

The payment of insurance premiums in advance of their due dates, often for multiple future periods. This arrangement can sometimes result in a discount from the insurer for paying a lump sum. Prepayment schedules can range from quarterly to annually or even for the entire policy term.

Table 1. Record
IdentifierMLC-T-INS-002646
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002646",
  "term": "Premium prepayment",
  "field": "Insurance and risk management",
  "definition": "The payment of insurance premiums in advance of their due dates, often for multiple future periods. This arrangement can sometimes result in a discount from the insurer for paying a lump sum. Prepayment schedules can range from quarterly to annually or even for the entire policy term.",
  "url": "https://mlchart.com/terminology/insurance/premium-prepayment/"
}

Record 2,659 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.