Outstanding Premiums
Definition of "Outstanding premiums"
Payments due to an insurance company but not yet paid.
Popular Insurance Terms
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Periodic payments to an annuitant. ...
Acknowledgment by the policyowner that he or she has received the policy loan requested. ...
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Physical, moral, or financial circumstance of a life insurance applicant that sets him or her apart from a physically, morally, and financially sound standard applicant. The underwriting ...
Automatically extended reporting period of five years, during which claims may be made after a claims made basis liability coverage policy has expired, provided these claims are the result ...
Comments for Outstanding Premiums
1) What is Outstanding Premium and how can it be cleared? 2) Can a monthly premium be paid quarterly some of the time?
May 05, 2021 22:03:45Hi Emmanuel! Outstanding premiums are essentially unpaid insurance bills; the only way to clear them is by paying them. As for your second question, that's something you'll have to discuss with your insurance provider. Hope we were of some help!
May 06, 2021 20:02:02Have a question or comment?
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