Florida Statutes 627.403 – “Premium” defined
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 627.403
- Contract: A legal written agreement that becomes binding when signed.
“Premium” is the consideration for insurance, by whatever name called. Any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or charge in consideration for an insurance contract is deemed part of the premium.