Question
Insurance premiums are payable in advance but the
insurance company does not fully earn them until the policy period expires is termed as?Solution
Earned premium is a pro-rated amount of paid-in advance premiums that has been "earned" and now belongs to the insurer. The amount of the earned premium equates to the sum of the total premiums collected by an insurance company over a period of time.
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Read the directions carefully and answer the following questions.
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I)Â G
II)Â The one who is two persons senior to B
III)Â C
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