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Home Term Insurance Definitions original gross premium (OGP)

original gross premium (OGP)

The original gross premium (OGP) is the premium written for the entire risk.

original gross premium (OGP)

The original gross premium (OGP) is the premium written for the entire risk.

Additional Information

May include excess premium not subject to an excess of loss reinsurance agreement; therefore, is not necessarily the same as gross written premium (GWP).

Related Terms