Florida Health Insurance Definitions

Florida Health Insurance Terms:
"Extra Premium"

What is my "Extra Premium?": This is a method for rating substandard risks used when the extra risk is considered to be constant. The underwriter assesses a specific extra premium for each $1,000 of insurance. " Also...

Flat Extra Premium -- An amount of money charged in addition to the basic policy premium that reflects an increased risk due to hazardous activities or temporary conditions of health or behavior.

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