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FORM NL-22 GEOGRAPHICAL DISTRIBUTION OF BUSINESS UNITED INDIA INSURANCE CO LTD. GROSS DIRECT PREMIUM UNDERWRITTEN FOR THE THIRD QUARTER 2012-13 (Rs Lakhs) State Fire Marine (Cargo) Marine (Hull) Engineering
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How to fill out gross direct premium underwritten

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How to fill out gross direct premium underwritten:

01
Start by gathering all relevant information such as the policyholder's name, policy number, and effective date of the insurance policy.
02
Determine the type of insurance policy that is being underwritten, whether it is life insurance, health insurance, property insurance, or any other type of coverage.
03
Calculate the total amount of premium that will be charged for the insurance policy. This can be done by taking into account factors such as the insured's age, health condition, and the amount of coverage required.
04
Fill out the gross direct premium section on the underwriting form accurately. This involves entering the calculated premium amount in the designated field.
05
Make sure to double-check all information entered on the form for accuracy and completeness before submitting it.

Who needs gross direct premium underwritten:

01
Insurance companies: Gross direct premium underwritten is an important metric for insurance companies as it helps determine the overall size and profitability of their business. It provides insights into the total premium income generated by the company from policies underwritten.
02
Underwriters: Underwriters are responsible for assessing and evaluating insurance risks. They need gross direct premium underwritten data to analyze the financial implications of the policies they underwrite and to ensure that the premiums charged adequately reflect the risk assumed by the insurer.
03
Regulatory bodies: Government regulatory bodies overseeing the insurance industry may require gross direct premium underwritten data to monitor the financial stability and performance of insurance companies. This information can help identify potential risks and ensure compliance with regulations.
Overall, filling out the gross direct premium underwritten involves accurately calculating and recording the premium amount for an insurance policy. Insurance companies, underwriters, and regulatory bodies are the main entities that utilize this information for various purposes.
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Gross direct premium underwritten is the total amount of premiums generated from insurance policies before deductions for reinsurance or other factors.
Insurance companies or entities that underwrite insurance policies are required to file gross direct premium underwritten.
Gross direct premium underwritten can be filled out by compiling the total premiums received from all insurance policies written during a specific period.
The purpose of gross direct premium underwritten is to provide an overview of the total premiums collected by an insurance company before any deductions.
The information that must be reported on gross direct premium underwritten includes the total premiums collected from all insurance policies, excluding deductions for reinsurance.
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