subject premium
Subject premium, in conjunction with retrospective rating, the portion of the premium applied to the retro formula.
subject premium
Subject premium, in conjunction with retrospective rating, the portion of the premium applied to the retro formula.
Additional Information
In reinsurance, the reinsurance rate is applied to the subject premium to produce the reinsurance premium. Subject premium is also known as the "base premium" or "underlying premium."
Synonyms
Base Premium
