Topical Terminology > Minimum Premium
Minimum Premium
For Minimum Premium we have terms and definitions in 2 topics. The topics are Automotive and Health Care.
Minimum Premium (Automotive) 
The smallest premium that an insurance company will accept for payment on a policy.
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Minimum Premium (Health Care)
Financing mechanism for a medical benefit program in which an employer remits only a portion of the conventional premium to the insurer to cover the cost of administering the benefits program and to providing specific and aggregate stop-loss insurance. The employer funds a "bank account" which the insurer draws upon for payment of claims.
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