Glossary entry (derived from question below)
French term or phrase:
taux de régularisation
English translation:
adjustment rate
Added to glossary by
PFB (X)
Jan 19, 2006 15:43
18 yrs ago
3 viewers *
French term
United Kingdom
Works in: French to English
taux de régularisation
French to English
Other
Insurance
Under a third party liability insurance policy, the amounts of the annual provisional premium and minimum premium are stated, followed by the "taux de régularisation" which is "1,00 0/00 (pour mille) du chiffre d'affaires hors taxes". I'd be very grateful for any advice on this.
Proposed translations
(English)
| 5 +2 | adjustment rate |
PFB (X)
|
Proposed translations
+2
2 mins
French term (edited):
taux de r�gularisation
Selected
adjustment rate
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Note added at 34 mins (2006-01-19 16:18:10 GMT)
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The insured paid the ins co a provisional premium. Once the total premium income for the risks covered is known, the insured pays the ins co a final premium, ie total premium income x adjustment rate, from which the provisional premium (already paid) is deducted. The provisional premium is sometimes a minimum premium. That means that if the adjusted premium is less than the provisional premium, the ins co doesn't have to pay back the difference.
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Note added at 34 mins (2006-01-19 16:18:10 GMT)
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The insured paid the ins co a provisional premium. Once the total premium income for the risks covered is known, the insured pays the ins co a final premium, ie total premium income x adjustment rate, from which the provisional premium (already paid) is deducted. The provisional premium is sometimes a minimum premium. That means that if the adjusted premium is less than the provisional premium, the ins co doesn't have to pay back the difference.
4 KudoZ points awarded for this answer.
Comment: "Thanks very much"
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