Premium means the amount charged by a Surety to issue bonds. The Premium is determined by applying an approved rate (see 115.32 and 115.60(a)(2)) to the bond or contract amount. The Premium does not include surcharges for extra services, whether or not considered part of the premium under local law.


13 CFR § 115.10

Scoping language

Affiliate is defined in 121.301 of this chapter.

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