For policies of
$100,001 - $1,000,000 Basic Premium
- Subtract $100,000 from policy amount
- Multiply result in 1.(1) by $.00534 and
round to the nearest whole dollar.
- Add $843 to result in 1.(2).
For policies of
$1,000,001 - $5,000,000 Basic Premium
- Subtract $1,000,000 from policy amount
- Multiply result in 2.(1) by $.00439 and
round to the nearest whole dollar.
- Add $5,649 to result in 2.(2).
For policies of
$5,000,001 - $15,000,000 Basic Premium
- Subtract $5,000,000 from policy amount
- Multiply result in 3.(1) by $.00362 and
round to the nearest whole dollar.
- Add $23,209 to result in 3.(2)
For policies of
$15,000,001 - $25,000,000 Basic Premium
- Subtract $15,000,000 from policy amount
- Multiply result in 4.(1) by $.00257 and
round to the nearest whole dollar.
- Add $59,409 to result in 4.(2)
For policies in
excess of $25,000,000 Basic Premium
- Subtract $25,000,000 from policy amount
- Multiply result in 5.(1) by $.00154 and
round to the nearest whole dollar.
- Add $85,109 to result in 5.(2).
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