Polish translation: pobrane skladki / podpisane umowy reasekuracyjne
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19:08 Nov 29, 2004
English to Polish translations [PRO] Bus/Financial - Insurance
English term or phrase:[premiums/reinsurance contracts] issued
Rezerwa składek (unearned premium provision)
For direct business, the provision for unearned premium is in principle calculated on a daily basis for each contract separately and based on **premiums issued** net of commission.
For **reinsurance contracts issued** the provision for unearned premiums is calculated for each contract separately. It is based on the information supplied by the ceding party, supplemented by the company’s own past experience regarding the evolution of risks in time.