What is a premium statement?


The premium statement is a bill generated only in the following cases:

The premium statement therefore regulates your accounting situation in line with the changes made to your policy and what you have already paid. It can be either a bill or a refund (credit note).

 

Example:

Mr Martin took out a car insurance policy on 18 March 2010 and chose an annual payment interval: He must therefore pay the sum of € 1,000 each year on 18 March.

Today (18 July 2018), he has decided to change his policy by adding a new cover, which increases his annual premium to € 1,200.

Here is what happens: 

Conversely, if Mr Martin chooses to withdraw a cover from his policy, his premium statement will be a refund and not a bill.

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