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'.
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