<html> <head> <title>Rule 20:06:16:02 Premium defined.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:16:02"> <META NAME="Description" Content="Administrative Rules 20:06:16:02 Premium defined."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:16:02.&nbsp;&nbsp;Premium defined.</b> For the purpose of calculating premium tax, premiums include payment to an insurer for any charges or fees associated with the processing of claims under a contract of insurance.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 31 SDR 214, effective July 6, 2005.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-44-1.1">10-44-1.1.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=10-44-2">10-44-2</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-11-1">58-11-1.</A></p> </div> </body> </html>