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

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

Comments

Popular posts from this blog

You are riding in Sarah's car when she fails to yield and causes an accident. Which of the following coverages would NOT pay for your injuries?