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Glossary

Looking for the right term then try the glossary:

Term	Definition	Legal instruments
gross premiums earned 01/01/2016	THIS DEFINITION ONLY APPLIES TO THE FRIENDLY SOCIETY – REQUIRED MARGIN PART means, in respect of a financial year, such proportion of gross premiums receivable as is attributable to risk borne by the firm during that financial year.

Term

Definition

Legal instruments

gross premiums earned

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE FRIENDLY SOCIETY – REQUIRED MARGIN PART

means, in respect of a financial year, such proportion of gross premiums receivable as is attributable to risk borne by the firm during that financial year.