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What is the Definition of Premium Tax?

What is the Definition of Premium Tax?

A state tax on premiums paid by its residents and businesses and collected by insurers.

Source: Insurance Handbook A guide to insurance: what it does and how it works |

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Annuity?

What is the Definition of Premium Tax?

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Additional optional insurance coverage for high-value appraised personal property that can be added to a homeowners, renters or condo policy.  This can include jewelry, furs, or cameras.

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