The premium statement is a bill generated only in the following cases:
The premium statement therefore regulates your accounting situation in line with the changes made to your policy and what you have already paid. It can be either a bill or a refund (credit note).
Mr Martin took out a car insurance policy on 18 March 2010 and chose an annual payment interval: He must therefore pay the sum of € 1,000 each year on 18 March.
Today (18 July 2018), he has decided to change his policy by adding a new cover, which increases his annual premium to € 1,200.
Here is what happens:
Conversely, if Mr Martin chooses to withdraw a cover from his policy, his premium statement will be a refund and not a bill.