Asked by Renee Sinclair on May 09, 2024
Verified
Brant Insurance Company insured Driver Moore at an annual premium of $1,000. After 3 months, Brant Insurance Company canceled the policy. Compute the amount of the refund to Moore.
Annual Premium
The annual premium is the total amount paid for an insurance policy in a year, covering the policyholder for a specified term.
- Evaluate and tally up the reimbursements and charges stemming from cancellations and alterations in insurance policies.
Verified Answer
WJ
Learning Objectives
- Evaluate and tally up the reimbursements and charges stemming from cancellations and alterations in insurance policies.
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