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LSDefine

Simple English definitions for legal terms

net single premium

Read a random definition: quaestor

A quick definition of net single premium:

A net single premium is the amount of money that someone pays at one time to make sure there is enough money to pay for any claims made on an insurance policy. This amount is based on predictions of how likely certain claims are and how much interest will accrue. It does not include any extra expenses that may be charged to the policyholder.

A more thorough explanation:

A net single premium is the amount of money that an insurance policyholder must pay at one time to ensure that there is enough money to pay for any claims made on the policy. This amount is calculated based on the predicted likelihood of certain claims and the expected interest rate. It does not include any additional expenses that may be charged to the policyholder.

For example, if a policyholder wants to purchase a life insurance policy with a net single premium of $10,000, they would pay that amount upfront. This amount is based on the insurer's prediction of the likelihood of the policyholder making a claim and the expected interest rate.

Overall, a net single premium is a one-time payment that guarantees coverage for the policyholder without any additional expenses or fees.

net sale contract | net tonnage

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HopefullyInLawSchool
17:47
Any fellow Hawk Tuahers in the chat?
windyMagician
17:48
as in we engage in the practice or we're fans?
HopefullyInLawSchool
17:48
either or
HopefullyInLawSchool
17:49
I for one enjoy a hawk tuah on my tally wacker
17:50
@initiallaw: appreciate it! i guess we'll see. don't think my current score's high enough to net me an II but i would certainly love to be wrong
HopefullyInLawSchool
17:50
check this out on reddit we gottem
HopefullyInLawSchool
17:50
look at the comments
windyMagician
17:51
nice
babycat
17:52
I guess I don’t understand why you need to specifically spit on it if you already have a wet mouth but I’m open to being convinced otherwise
babycat
17:53
Is spitting on it just for hand jobs?
snow
17:53
tf is going on in the chat rn
windyMagician
17:54
i heard guys like it when it's sloppy so spitting on it helps
HopefullyInLawSchool
17:54
Typically yes just for hand jobs
what if you have a dry mouth
so sad
JumpySubsequentDolphin
17:56
so true waspy
windyMagician
17:56
that's why they invented flavored lube
looking into this
babycat
17:57
I don’t really do hand jobs. I just feel like if you want a hand on your dick you can do that yourself, you don’t need me for that
windyMagician
17:57
that part
JumpySubsequentDolphin
17:57
but things feel better when others do them
snow
17:57
its different
snow
17:58
^
JumpySubsequentDolphin
17:58
like i can give myself a massage but it’s nicer when someone else does it for me
WorthlessAttractiveZombie
17:58
so trye
WorthlessAttractiveZombie
17:58
true
what the hell have i walked into 😭
WorthlessAttractiveZombie
18:00
we're talking about the jobs we want after we get into law school
oh yeah, sure!
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