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German to English translations [PRO]
Bus/Financial - Insurance | | German term or phrase: Überschuß-Sofortverrechnung | Description of insurance policy terms
Durch die Überschuß-Sofortverrechnung verringert sich der Beitrag. Der tatsächlich zu entrichtende Inkassobeitrag ergibt sich aus der Überschußmitteilung.
The premium will be reduced if (profit-sharing) dividends are applied directly to paying the premium???
Another example:
EUR 39,58 mtl. "netto" = unter Sofortverrechnung der Überschüsse. |
|  David WallaceKudoZ activityQuestions: 93 (none open) ( 2 without valid answers) ( 1 closed without grading) Answers: 30
| | Local time: 04:28
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| | Something like: | Explanation:
"The premium is reduced by offsetting the policy holder's profit bonus against the premium. (The net amount to be paid is listed in the profit bonus statement/notification)."
From http://www.amb.de/internet/amb/amb_inter.nsf/ContentByKey/BP...
"Den Versicherungsnehmern wurden insgesamt 74,12 Mio. EUR (Vj. 67,23 Mio. EUR) als Sofortüberschuss zur Beitragsverrechnung und als Direktgutschrift zur Erhöhung der Überschussanteilguthaben gutgeschrieben."
Policyholders were credited a total profit bonus of EUR 74.12 m (2004: 67.23 m) either directly set off against premiums or used to increase the policyholders' accumulated profit bonus."
It's also what I do with my BUZ (occupational disability insurance). The listed gross premium is far higher than the net premium I actually pay because my share of the insurer's profits (which may be adjusted from year to year) is offset against the gross premium. |
| Selected response from:
TonyTK
| Grading comment Thanks for the confirmation!
4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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Automatic update in 00:
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7 hrs confidence:   Something like:
Explanation:
"The premium is reduced by offsetting the policy holder's profit bonus against the premium. (The net amount to be paid is listed in the profit bonus statement/notification)."
From http://www.amb.de/internet/amb/amb_inter.nsf/ContentByKey/BP...
"Den Versicherungsnehmern wurden insgesamt 74,12 Mio. EUR (Vj. 67,23 Mio. EUR) als Sofortüberschuss zur Beitragsverrechnung und als Direktgutschrift zur Erhöhung der Überschussanteilguthaben gutgeschrieben."
Policyholders were credited a total profit bonus of EUR 74.12 m (2004: 67.23 m) either directly set off against premiums or used to increase the policyholders' accumulated profit bonus."
It's also what I do with my BUZ (occupational disability insurance). The listed gross premium is far higher than the net premium I actually pay because my share of the insurer's profits (which may be adjusted from year to year) is offset against the gross premium.
| TonyTK
Native speaker of:  English
PRO pts in category: 47
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| | Grading comment | Thanks for the confirmation! |
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The translation workplace 
