Premiums shall be calculated as follow for polices in excess of $100,000

1.  Policies of $100,001 - $1,000,000 Basic Premium

(1)  Subtract $100,000 from policy amount
(2)  Multiply result in 1.(1) by $.00534 and round to nearest whole dollar
(3)  Add $843 to result in 1.(2)

2.  Policies of $1,000,001 - $5,000,000 Basic Premium

(1)  Subtract $1,000,000 from policy amount
(2)  Multiply result in 2.(1) by $.00439 and round to nearest whole dollar
(3)  Add $5,649 to result in 2.(2)

3.  Policies of $5,000,001 - $15,000,000 Basic Premium

(1)  Subtract $5,000,000 from policy amount
(2)  Multiply result in 3.(1) by $.00362 and round to nearest whole dollar
(3)  Add $23,209 to result in 3.(2)

4.  Policies of $15,000,001 - $25,000,000 Basic Premium

(1)  Subtract $15,000,000 from policy amount
(2)  Multiply result in 4.(1) by $.00257 and round to nearest whole dollar
(3)  Add $59,409 to result in 4.(2)

5.  Policies in excess of $25,000,000 Basic Premium

(1)  Subtract $25,000,000 from policy amount
(2)  Multiply result in 5.(1) by $.00154 and round to nearest whole dollar
(3)  Add $85,109 to result in 5.(2)