Renew the fee If the contract stipulates that the premium shall be paid by installments, the insurance company shall confirm the first installment of the premium receivable on the date when the insurance contract stipulates that it will assume the insurance liability, and confirm the corresponding installment of the premium receivable on the subsequent installment date stipulated in the contract. According to this principle, for the premium income that has not been received within the grace period, the insurance company should confirm the premium receivable, that is, the premium that has not been received, that is, the renewal fee. Insurance premium refers to the fee paid by the insured to the insurer according to the insurance rate set by the insurer when he participates in insurance. When all or part of the insured property is lost due to disasters, accidents or accidents in personal insurance, the insurer shall pay the insurance money.