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Explanation in simpler english of "written premium"

English Language & Usage Asked by Joneron on July 15, 2021

I just received an email from an insurance company where the full amount wasn’t paid. The answer was: "As a gesture of good will, we will write this outstanding premium this time." Does this mean, that they will pay the leftover price? I am not a native so I don’t really understand this phrasing.

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