Minimum PREMIUM : The lowest amount of premium for which an insurer will issue coverage for a given policy period. At SAIF, the minimum premium includes the expense constant. (See Expense Constant)
785- SAIF Corporation, Glossary of Workers' Compensation Terms and Acronyms, Oregon, USA 2015. http://www.saif.com/saif_glossary.htm, (Occupn and Envir Hlth and Sfty - Amer) {785}