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2011 Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 27: THE INSURANCE CONTRACT
24-A §2403. "Premium" defined


24-A ME Rev Stat § 2403 (2011 through 125th Legis) What's This?

§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).

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