Common use of Reimbursement Premium or Premium Clause in Contracts

Reimbursement Premium or Premium. These terms mean the amount to be paid by the Company, as determined by multiplying each $1,000 of insured value reported by the Company in accordance with Section 215.555(5)(b), Florida Statutes, by the rate as derived from the Premium Formula, as described in Rule 19-8.028, F.A.C.

Appears in 23 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract

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