24-A §2403. "Premium" defined
Title 24-A: MAINE INSURANCE CODE
Chapter 27: THE INSURANCE CONTRACT
§2403. "Premium" defined
"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. [1969, c. 132, §1 (NEW).]
SECTION HISTORY
1969, c. 132, §1 (NEW).