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 27 contracts

Samples: Reimbursement Contract, Reimbursement Contract, Reimbursement Contract (HCI Group, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!