Premium

Comprehensive premium structure for a coverage section. Replaces the inline Money premium, rate, rateBasis, exposure, and experienceModFactor fields, capturing the full lifecycle of insurance premium from estimate through audit.

Structure

Name	Card.	Type	Description
RPremium			Comprehensive premium structure for a coverage section.
●writtenPremium	1..1	Money	The written (booked) premium for this coverage
●minimumPremium	0..1	Money	Minimum premium — floor below which premium cannot be reduced
●depositPremium	0..1	Money	Deposit premium — amount due at inception for auditable policies
●estimatedPremium	0..1	Money	Estimated premium — projected premium based on estimated exposures
●auditedPremium	0..1	Money	Audited premium — final premium determined by premium audit
●basis	0..1	PremiumBasis	How the premium was calculated (rate, basis, exposure)
[ ]adjustments	0..*	PremiumAdjustment	Premium modifications and adjustments (experience mod, schedule credits, etc.)
●isAuditable	0..1	boolean	Whether this coverage is subject to premium audit
[ ]installments	0..*	PremiumInstallment	Payment installment schedule
[ ]allocationByLocation	0..*	PremiumAllocation	Premium allocation by location or classification

Example

{
  "writtenPremium": {
    "value": 42000,
    "currency": "USD"
  },
  "depositPremium": {
    "value": 21000,
    "currency": "USD"
  },
  "basis": {
    "ratePerUnit": 2.45,
    "rateBasis": {
      "text": "per $100 of payroll"
    },
    "exposureAmount": {
      "value": 1500000,
      "unit": "payroll"
    }
  },
  "isAuditable": true
}

JSON Schema

Full JSON Schema: Premium.schema.json