by wurm » Fri Aug 08, 2008 02:56 pm
Policy period: jul 20 2007 to jul 20 2008
sum insured: 500,000.00
Premium rate: 2.75
anual premium: 13,750.00
Endorsement: decrease in rate by 0.25 effective march 1 2008
The insurance company treated leap year days as 365 only.
What is the exact amount of premium to be returned to the customer?
sum insured: 500,000.00
Premium rate: 2.75
anual premium: 13,750.00
Endorsement: decrease in rate by 0.25 effective march 1 2008
The insurance company treated leap year days as 365 only.
What is the exact amount of premium to be returned to the customer?
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