noun
unearned premium; unexpired premium; prepaid insurance premium
Insurance accounting term for the portion of a premium that has been paid but not yet earned by the insurer because the coverage period has not elapsed.
保険会社は決算時に未経過保険料を計算する必要がある。
Insurance companies need to calculate unearned premiums at the time of settlement.
未経過保険料は貸借対照表の負債として計上される。
Unearned premiums are recorded as liabilities on the balance sheet.
Earned premium; the portion of the premium that corresponds to the expired part of the policy period, opposite of 未経過保険料.
Compound of 未 (mi, 'not yet'), 経過 (keika, 'passage, lapse'), and 保険料 (hokenryō, 'insurance premium'). Literally 'not-yet-elapsed insurance premium'.