How is Premium Loading defined in a legal contract?
- Premium Loading means an additional amount charged beyond the standard premium by an [organization] to a policy holder. This charge is based on the extra risk assessed for the insured. Seen in 126 SEC Filings
- Premium Loading means an additional amount charged on top of the basic premium. Seen in 23 SEC Filings
- Premium Loading means any extra amount payable as premium, which is over and above the standard premium for an insurance cover under a specified [scheme]. Seen in 3 SEC Filings
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Premium Loading means an additional cost applied on top of standard premium, reflecting a higher risk or specific [scheme] requirements.
Relevant Contract Type
- Insurance Policies
- Healthcare Agreements
- Loan Agreements
- Commercial Leases
- Mortgage Agreements
- Risk Management Contracts
Relevant Circumstances
- When an individual or [organization] is seeking insurance coverage
- When assessing insurance risk for a policy
- When underwriting insurance policies or loan agreements
- When developing terms for commercial leases or mortgage agreements
- When structuring risk management strategies or plans
Relevant Sectors
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Premium Loading means an additional cost applied on top of standard premium, reflecting a higher risk or specific [scheme] requirements
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