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minimum premium

noun
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Definition of minimum premium

: the smallest single charge for which an insurer will write a particular policy having a specified period

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minimum

minimum premium

minimum rate

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Cite this Entry

“Minimum premium.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/minimum%20premium. Accessed 14 Aug. 2022.

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