PET - Plain English Taxonomy

Attribute: R13178
Concept:
Label: Unearned Premium Liability
Concept Guidance:
This is the value, as at the relevant date, of premium income received in advance which is still unearned and is classified as a liability to the entity.Unearned premium income is that portion of the written premium applicable to the unused part of the period for which the premium has been paid.Premiums, as defined by the Australian Accounting Standards, are amounts charged in relation to accepting risk from the insured, but do not include amounts collected on behalf of third parties 
Dimensions
Dimension Member Description
(NewZealand)
This dimension categorises the reported information according to where items of income/expense are on risk, assets are invested and liabilities are located.
The country is New Zealand