### Question
How is the "premium" defined?


### Answer
The term **premium** is defined in *APPENDIX U.S.C. § 541* as follows -

> the amount specified in an insurance policy to be paid to keep the policy in force

#### Citation:
  - *APPENDIX U.S.C. § 541*
  - Heading: **SERVICEMEMBERS CIVIL RELIEF ACT > ACT OCT. 17, 1940, CH. 888, 54 STAT. 1178 > TITLE IV-LIFE INSURANCE**

