Net premiums written

Net premiums written The termnet premiums writtenmeans premiums written, including reinsurance premiums written, reduced by reinsurance ceded, and reduced by ceding commissions and medical loss ratio (MLR) rebates with respect to the data year. For this purpose, MLR rebates are computed on an accrual basis in determining net premiums written. Because indemnity reinsurance within the meaning ofparagraph (h)(5)(i)of this section is not health insurance underparagraph (h)(1)of this section, the termnet premiums writtendoes not include premiums written for indemnity reinsurance and is not reduced by indemnity reinsurance ceded. However, in the case of assumption reinsurance within the meaning ofparagraph (h)(5)(ii)of this section, the termnet premiums writtendoes include premiums written for assumption reinsurance and is reduced by assumption reinsurance premiums ceded.

Source

26 CFR § 57.2

---

Scoping language

In general. This section explains the terms used in this part 57 for purposes of the fee.

---

Is this correct? or