The standard underwriting rate for either owner's insurance, leasehold insurance, or mortgage insurance, shall be calculated according to the following rate schedule:

Policy Liability Rate per $1,000 or Fraction Thereof
$0 - $100,000 $5.25
$100,001 - $500,000 add $4.25
$500,001 - $2 million add $2.75
Over $2 million add $2.00