SECTION 40 - CALCULATION OF PREMIUM SUMMARY
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. Ordinance or Law
Coverage Endorsement (CO 30 57), Rule 30.2C.
B. Multi-Policy Discount, Rule 25.3A.
C. Roof Rating Factor, Rule 25.3D.
D. Windstorm/Hail Percentage Deductbile (CO 30 60),Rule
35.6.
E. Protective Device Discount (CO 30 59), Rule
25.3B.
F. Deductible Factor, Rule 30.2A.
G. Age of Home Rating Factor, Rule 25.3C.
H. Broad Named Perils Endorsement (CO 30 52), Rule
30.2B.
I. Multiple Family
Dwelling Factor, Rule 30.2D.
3) Apply any charges
for optional limits and coverages, Section 35.
