when a policy is cancelled before its expiry date, what i...
when a policy is cancelled before its expiry date, what is owed to the insured is
earned premium
unearned premium
return premium
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
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