When an insurance company cancels a policy, what is the method used to determine the premium due?

A) Short rate.

B) Premature.

C) Flat.

D) Pro rata.

Answer: D

Insurance Transaction

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In an insurance contract, the applicant's "consideration" is the
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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