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TeachMeFinance.com - explain Probation Surcharge (Premium) Probation Surcharge (Premium) The term 'Probation Surcharge (Premium)' as it applies to the area of flooding can be defined as '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'. Previous 5 Terms: Probability of Tropical Cyclone Conditio Probable (indicated) reserves, coal Probable energy reserves Probable maximum flood (PMF) (maximum probable flood, MPF) Probable maximum precipitation (PMP) Next 5 Terms: Probe probit probosciform Procedure procedures About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.