The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

EXPENSE CONSTANT Definition & Legal Meaning

Definition & Citations:

A fixed amount added to the premium amount. The cost of servicing certain policies is more than what premiums alone cover. This is a service charge most often applied to low premiums found in workers compensation policies, or other small policies.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.