Title 33, Chapter 24, Section 1
As used in this chapter, the term:
(1) "Policy" means the written contract of or written agreement
for or effecting insurance. The term includes all clauses, riders,
endorsements, and papers attached or issued and delivered for
attachment to the contract or agreement and made a part of the
contract or agreement.
(2) "Premium" means the consideration for insurance, by whatever
name called. Any assessment or any membership, policy, survey,
inspection, service, or similar fee or charge in consideration for
an insurance contract is deemed part of the premium. The term
"premium" shall not include any amount deposited and held for the
account of the insured which is returnable upon cancellation of
the insurance contract and upon which no commission has been paid.