Deposit premium

Deposit premium

A deposit premium is a type of insurance premium where the insured deposits money with the insurer to obtain perpetual insurance against the risk of a loss. Deposit premiums are unique from regular insurance premiums, because they are refundable should either the insured or the insurer chose to terminate the perpetual insurance.



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Look at other dictionaries:

  • deposit premium company — noun or deposit premium mutual : a mutual insurance company issuing policies at a stated premium often with provision for assessment …   Useful english dictionary

  • deposit premium mutual — noun see deposit premium company …   Useful english dictionary

  • deposit premium — The initial premium paid by the insured on a provisional basis pending a premium adjustment in the case of policies subject to adjustment …   Black's law dictionary

  • deposit premium — The initial premium paid by the insured on a provisional basis pending a premium adjustment in the case of policies subject to adjustment …   Black's law dictionary

  • Premium — A premium can be: * a bonus paid in addition to normal payments * a marketing term for a bundled good or service * Risk premium, the monetary difference between the guaranteed return and the possible return on an investment * Insurance premium ** …   Wikipedia

  • Deposit insurance — Experiences from bank runs during the Great Depression led to the introduction of deposit insurance in the US …   Wikipedia

  • Dual currency deposit — In finance, a dual currency deposit (DCD) is a derivative instrument which combines a money market deposit with a currency option to provide a higher yield than that available for a standard deposit. There is a higher risk than with the latter… …   Wikipedia

  • Federal Deposit Insurance Corporation — FDIC …   Wikipedia

  • Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account …   Wikipedia

  • Tenancy Deposit Scheme — Under the provisions of the Housing Act 2004 every Landlord or Letting Agent that takes a deposit for an Assured Shorthold Tenancy in England and Wales must join a Tenancy Deposit Scheme. The new regulations come into effect from April 6, 2007.… …   Wikipedia

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