The risk premium applies in personal insurance and in the → Property insurance Application. In personal insurance, the → Insurer at the time of application, whether the person to be insured is in normal health or whether a risk surcharge will be applied due to an increased risk. A → Insurer Any risk premium charged or offered must be determined by the → policyholder be signed again, provided that he accepts the offer from the → Insurer's wishes to accept. The duration of the agreed surcharge usually depends on the nature of the increased → Risks (e.g. pre-existing conditions). A distinction is made between a permanent risk surcharge and a temporary risk surcharge. If, over time, the grounds for a risk surcharge cease to apply, an application may be made to have it permanently waived. To this end, the → policyholder to submit written evidence.

To the → Property insurance Risk surcharges are often factored in at the time of application. If, during the term of the insurance, → Increased risks, in which case the → policyholder these to the → Insurer inform. The → Insurer then decides whether a risk premium is necessary.

Source reference: See the VDT publication “VDT Article Series, Part 5 | Glossary“ and the source cited there.