/ʌnˈɜːnd ˈpriːmɪəm/ – Phrase
Definition: phần phí bảo hiểm phải hoàn trả (khi hủy hợp đồng bảo hiểm).
A more thorough explanation: “Unearned premium” refers to the portion of an insurance premium that has been paid in advance by the policyholder but has not yet been “earned” by the insurance company. This means that the coverage period for which the premium was paid has not yet elapsed, and therefore, the insurance company has not yet incurred the risk associated with providing coverage for that period.
Example: The insurance company must refund the unearned premium to the policyholder after the policy is canceled before its expiration date.