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verrekening / naverrekening

English translation: [premium] settlement / final settlement/calculation in arrears


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:verrekening / naverrekening
English translation:[premium] settlement / final settlement/calculation in arrears
Entered by: Anne Key
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13:12 Dec 19, 2006
Dutch to English translations [PRO]
Law/Patents - Insurance
Dutch term or phrase: verrekening / naverrekening
These terms also relate to the contract of insurance I am currently translation (see previous KudoZ question).

I am a little confused by the terms "verrekening" (set-off?) and "naverrekening" (adjustment?) with regard to premiums.

The context is as follows:

"In geval van in- en uitdiensttredingen vindt pro-rata premie-verrekening plaats op basis van de premiegrondslag die geldt op het moment van in- of uitdiensttreding. De verrekening vindt plaats bij de naverrekening. Dit geldt ook voor tussentijdse wijzigingen van het jaarsalaris.Tussentijdse wijzigingen van de jaarsalarissen, aard van de werkzaamheden, leeftijden en de relevante wettelijke bedragen leiden niet tot tussentijdse aanpassing van de premie of het verzekerd bedrag, tenzij de wijziging naar het oordeel van [name of insurance company] substantieel is.

All suggestions welcome - KudoZ points will be awarded within 72 hours.

Many thanks,

Anne
Anne Key
Local time: 06:32
[premium] settlement / final settlement/calculation in arrears
Explanation:
source - Nl - EN insurance dictionary

De verrekening vindt plaats bij de naverrekening =
The settlement occurs with the final settlement/calculation in arrears.


Selected response from:

Dave Calderhead
Netherlands
Local time: 07:32
Grading comment
Very helpful answer, just what I was looking for! Many thanks.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +4[premium] settlement / final settlement/calculation in arrears
Dave Calderhead


  

Answers


19 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +4
[premium] settlement / final settlement/calculation in arrears


Explanation:
source - Nl - EN insurance dictionary

De verrekening vindt plaats bij de naverrekening =
The settlement occurs with the final settlement/calculation in arrears.




Dave Calderhead
Netherlands
Local time: 07:32
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 77
Grading comment
Very helpful answer, just what I was looking for! Many thanks.

Peer comments on this answer (and responses from the answerer)
agree  xxxJon O
16 mins
  -> Thanks, Jon (:-{)>

agree  Tina Vonhof
3 hrs
  -> Thanks, Tina (:-{)>

agree  Andre de Vries
8 hrs
  -> Thanks, Andre (:-{)>

agree  Anne Lee
11 hrs
  -> Thanks, Anne (:-{)>
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