Probation surcharge (premium)
Term · Insurance and risk management · MLC-T-INS-000191
A flat charge that the policyholder must pay on each new or renewal policy issued covering property in a community that the NFIP has placed on probation under the provisions of 44 CFR 59.24.
| Identifier | MLC-T-INS-000191 |
|---|---|
| Field | Insurance and risk management |
| Subject | National Flood Insurance Program |
| References | FloodSmart Flood Insurance Glossary; FEMA Glossary |
Record as JSON
{
"id": "MLC-T-INS-000191",
"term": "Probation surcharge (premium)",
"field": "Insurance and risk management",
"term_source": "Probation Surcharge (Premium)",
"definition": "A flat charge that the policyholder must pay on each new or renewal policy issued covering property in a community that the NFIP has placed on probation under the provisions of 44 CFR 59.24.",
"subject": "National Flood Insurance Program",
"references": [
"FloodSmart Flood Insurance Glossary",
"FEMA Glossary"
],
"url": "https://mlchart.com/terminology/insurance/probation-surcharge-premium/"
}
Record 2,737 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.