Interest Factor [Insurance Law] Law and Legal Definition
Interest factor refers to rate making in an insurance policy. It is an estimate of the interest or rate of return that the insurer will earn on premium payments over the life of a policy. The interest factor is one element that a life insurer uses to calculate premium rates. It is also known as gross premium or premium rate.
Legal Definition list
- Interest Factor [Insurance Law]
- Interest Expense
- Interest Compensation [Banks & Banking]
- Interest Calculation Costs
- Interest Based Negotiation
- Interest in a Closely Held Business [Internal Revenue]
- Interest in Land
- Interest in Possession Trust
- Interest in Proven Oil or Gas Property [Internal Revenue]
- Interest of Justice
- Interest of the Debtor in Property
