minimum and deposit basis
Romanian translation: pe bază de primă minimă și de depozit
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| 16:54 Apr 19, 2017 |
| English to Romanian translations [PRO] Insurance / minimum and deposit basis | |||||||
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|  Selected response from: Florin Savu Romania Local time: 12:48 | ||||||
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| 5 | pe bază de primă minimă și de depozit |
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Answers
4 hrs confidence: 
pe bază de primă minimă și de depozit Explanation: From http://businessinsureuk.blogspot.ro/2015/07/minimum-and-depo... „If the premium is on a minimum and deposit basis, this means two things. Firstly, the premium you pay is a minimum, which means that even if you cancel the policy early, even after a few weeks, you will not get any refund of premium, whether or not you have had a claim. Secondly, the fact that it is a deposit premium, means that when you get to the end of the insurance year and you know the actual turnover and wageroll figures, if these are higher you may need to pay an additional premium. The premium you pay at the beginning is a deposit, based on your expected business activity.” Reference: http://businessinsureuk.blogspot.ro/2015/07/minimum-and-depo... Reference: http://www.ceasigurari.ro/ceaweb/fls/fls/conditii%20asigurar... |
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