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. Protection Class 9 deviation Factor, Rule
25.2.
C. Special Loss Settlement Endorsement (CO 04 56), Rule
30.2D.
D. Ordinance or Law Coverage Endorsement (CO 04 77), Rule
30.2B.
E. Unit-Owners Coverage C - Special Coverage (CO 17 31), Rule
30.2E.
F. Auto/Home Discount, Rule 25.6A.
G. Roof Rating Factor, Rule 25.6D.
H. Townhouse Factor, Rule 30.2C.
I. Replacement Cost - Contents (CO 04 90), Rule
35.3C.
J. Protective
Device Discount, Rule 25.6B.
K. Combined Windstorm/Hail Percentage Deductible and Policy Deductible
(CO 03 12), Rule 35.6A.
L. Deductible Factor without Windstorm/Hail Percentage Deductible
Rule
30.2A.
M. Age of Home/Modernization Rating Factor, Rule
25.6C.
N. Claim Rating Surcharge, Rule 25.6F.
O. Swimming Pool Surcharge, Rule 25.6I.
P. Prior Insurance Discount, Rule 25.6H.
Q. Mature Policyholder Discount, Rule 25.6G.
3) Apply any charges
for increased limits to Coverages A,C,E and F, Section
35.
4) Consumer Insurance Score Factor,
Rule 30.2G.
5) AAA Membership Discount, Rule 25.6E.
6) Apply any charges for optional limits and coverages, Section 35.
