how to deal with paid and payable premium while calculating

by charming.diva3 » Sat Mar 16, 2013 01:46 pm

I want o know about earned premium calculation

Total Comments: 1

Posted: Sun Mar 17, 2013 04:10 am Post Subject:

What would you like to know? An insurance company "earns" the premium for every day coverage has been extended. If you have paid for coverage beyond a certain point in time, and cancel, you could receive a refund of "unearned" premium. The language of your policy will tell you about that.

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