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LSDefine

Simple English definitions for legal terms

net valuation premium

Read a random definition: law officer

A quick definition of net valuation premium:

Net Valuation Premium: This is a term used to describe the amount of money that is paid for an insurance policy after any deductions or discounts have been taken into account. It is the final amount that the policyholder pays to the insurance company.

Net Value: This refers to the value of something after all the costs associated with it have been subtracted. For example, the net value of a car would be the amount of money it is worth after any repairs or maintenance costs have been taken into account.

Net Weight: This is the weight of an object after any packaging or other materials have been removed. For example, the net weight of a bag of chips would be the weight of the chips themselves, without the weight of the bag included.

Network Element: In telecommunications, a network element is a piece of equipment or facility that is used to provide a telecommunications service. This can include things like routers, switches, and other hardware, as well as software features and capabilities that are part of the service.

A more thorough explanation:

Definition: Net valuation premium refers to the net premium paid for an insurance policy after deducting any expenses or fees. It is the amount that an insurance company charges for coverage, minus any deductions or discounts.

Example: If an insurance policy costs $1000, but the insurance company offers a discount of $100, the net valuation premium would be $900.

This example illustrates how the net valuation premium is calculated by deducting any discounts or fees from the total premium amount. It is the final amount that the policyholder pays for the insurance coverage.

net tonnage | net worth

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1a2b3c4d26z
17:34
Stuck at just over 7000
we are due for berk
goated
1a2b3c4d26z
17:34
We are due
17:34
@babycat: is the LSD
1a2b3c4d26z
17:34
It's a law of statistics
do we get a wave tmr
1a2b3c4d26z
17:34
yea
1a2b3c4d26z
17:34
just me u and egg tho
hell yeah
did you apply to gulc daddy
1a2b3c4d26z
17:34
yessur
lfg
i guess gulc tmrw
17:38
got another lawhub update email an hour after the first and nothing else has changed since the UVA UR2
17:38
don't tell me they moved me to UR3 lol
HopefullyInLawSchool
17:38
@babycat: did you not understand my silly joke?
babycat
17:42
@HopefullyInLawSchool: was talking about the guy who said he wasn’t here for banter, not you!
babycat
17:44
the poet must not avert his eyes
HopefullyInLawSchool
17:45
I was refencing the popular meme that's become a critically acclaimed talk pod cast, "Talk Tuah," which yes I am an avid listener of.
babycat
17:46
https://www.instagram.com/reel/DCW1ILZv-4z/ I like these guys
initiallaw
17:47
@info-man: I got my ii the day after that happened to me… not saying that’s what’s gonna happen butttt
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
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