direct premiums

  • All premiums (less return premiums) arising from policies issued to afford primary (issuing company) insurance for a given hazard.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).