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Can my Premiums exceed the Guideline Premium limit (GPT)?

April 26, 2017exceed GPT guideline limit Premium premiums

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Can my Premiums exceed the Guideline Premium limit (GPT)?

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A. No. To ensure compliance with regulations, the policy contract provision, “Premium Limitation” allows Protective to limit the amount of premium paid. Our company practice is to refund premium in excess of the Guideline Premium limitation.