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Simple English definitions for legal terms

net single premium

Read a random definition: rule of rank

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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9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)
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