SECTION 40 - CALCULATION OF PREMIUM
RULE 40.1 - CALCULATION OF PREMIUM SUMMARY
1) Determine the base premium as shown in Rule 30.1 - Base Premium Computation.
2) Apply the discount percentage credits and/or the base premium adjustments to the base premium for the following items in the following order:
(Round after each credit or charge)
A. Premier Select Factor,
Rule 30.2F.
B. Special Loss Settlement Endorsement (HO 04 56), Rule
30.2D.
C. Ordinance or Law Coverage Endorsement (HO 04 77), Rule
30.2B.
D. Unit-Owners Coverage C - Special Coverage (HO 17 31), Rule
30.2E.
E. Auto/Home Discount, Rule 25.6A.
F. Townhouse Factor, Rule 30.2C.
G. Replacement Cost - Contents (HO 04 90), Rule
35.3C.
H. Windstorm/Hail Percentage Deductible (HO 03 12), Rule
35.6A.
I. Protective Device Discount, Rule
25.6B.
J. Deductible Factor, Rule 30.2A.
K. New Home Credit, Rule 25.6C.
3) Apply any charges for optional limits and coverages, Section 35.
