when a policy is cancelled before its expiry date, what is owed to the insured is
A.
earned premium
B.
unearned premium
C.
return premium
D.
unpaid premium
Correct answer is C
return premium. An amount, equal to a fraction of the premium, which is given back to the insured in the case of a cancellation, an adjustment to the rate, or an overpayment of an advance premium
