“Premium” is the consideration for insurance by whatever name called. Any “assessment,” or any “membership,” “policy,” “survey,” “inspection,” “service” or similar fee or other charge in consideration for an insurance contract is deemed part of the premium.

18 Del. C. 1953, § ?2703; 56 Del. Laws, c. 380, § ?1;

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Terms Used In Delaware Code Title 18 Sec. 2703

  • Contract: A legal written agreement that becomes binding when signed.