1.  ’Premium’ means charges for:

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(a) Assuming a risk;

(b) Abstracting, searching and examining title to determine insurability; and

(c) Any other activity associated with the assumption of risk.

2.  ’Premium’ does not include charges for:

(a) Escrow;

(b) Settlement or closing; or

(c) Other special services not associated with the assumption of risk, whether or not they are called premiums.