'Premium' as used in this title means all sums charged, received, or deposited as consideration for an insurance contract or the continuance thereof. Any assessment, or any 'membership', 'policy', 'survey', 'inspection', 'service' or similar fee or charge made by the insurer in consideration for an insurance contract is deemed part of the premium.
U.S. Virgin Islands Legal Code
817
U.S. Virgin Islands § 817 — U.S. Virgin Islands law