For policies of $100,001 - $1,000,000 Basic Premium

  1. Subtract $100,000 from policy amount
  2. Multiply result in 1.(1) by $.00534 and round to the nearest whole dollar.
  3. Add $843 to result in 1.(2).

For policies of $1,000,001 - $5,000,000 Basic Premium

  1. Subtract $1,000,000 from policy amount
  2. Multiply result in 2.(1) by $.00439 and round to the nearest whole dollar.
  3. Add $5,649 to result in 2.(2).

For policies of $5,000,001 - $15,000,000 Basic Premium

  1. Subtract $5,000,000 from policy amount
  2. Multiply result in 3.(1) by $.00362 and round to the nearest whole dollar.
  3. Add $23,209 to result in 3.(2)

For policies of $15,000,001 - $25,000,000 Basic Premium

  1. Subtract $15,000,000 from policy amount
  2. Multiply result in 4.(1) by $.00257 and round to the nearest whole dollar.
  3. Add $59,409 to result in 4.(2)

For policies in excess of $25,000,000 Basic Premium

  1. Subtract $25,000,000 from policy amount
  2. Multiply result in 5.(1) by $.00154 and round to the nearest whole dollar.
  3. Add $85,109 to result in 5.(2).
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