Premiums earned

{
  "id": "MLC-T-INS-002649",
  "term": "Premiums earned",
  "field": "Insurance and risk management",
  "definition": "The portion of an insurance premium that an insurer has recognized as income for coverage already provided over a specific period. As time passes and the insurer provides protection, the unearned premium gradually becomes earned. For example, if a one-year policy is paid in full, one-twelfth of the premium is earned each month.",
  "url": "https://mlchart.com/terminology/insurance/premiums-earned/"
}