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prima afecta, prima exenta

English translation: taxable and non taxable premium

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:prima afecta, prima exenta
English translation:taxable and non taxable premium
Entered by: Martin Boyd
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00:32 Feb 24, 2008
Spanish to English translations [PRO]
Law/Patents - Insurance
Spanish term or phrase: prima afecta, prima exenta
From a Chilean insurance policy covering aircraft hulls.
"Prima afecta: USD0.00, Prima exenta: USD55.545,00. Prima Total: USD55.545,00"

The lack of context provided by the original document leaves me uncertain about what types of premiums these are. Does anybody happen to know their English equivalents?
Martin Boyd
Canada
Local time: 05:46
taxable and non taxable premium
Explanation:
some premiums are subject to tax and others such as the premium for earthquake are tax free. Hope it helps
Selected response from:

Sergio Gaymer
Chile
Local time: 04:46
Grading comment
Thank you, Sergio!
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +1taxable and non taxable premium
Sergio Gaymer


Discussion entries: 1





  

Answers


11 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
taxable and non taxable premium


Explanation:
some premiums are subject to tax and others such as the premium for earthquake are tax free. Hope it helps

Sergio Gaymer
Chile
Local time: 04:46
Meets criteria
Specializes in field
Native speaker of: Spanish
PRO pts in category: 71
Grading comment
Thank you, Sergio!

Peer comments on this answer (and responses from the answerer)
agree  Egmont
40 mins
  -> thanks AVRVM
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