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Understanding Insurance Premium Returns by Ken Ny is a document available to read on EtoBox.

What is Understanding Insurance Premium Returns about?

1) An insured surrendered their home insurance policy after 3 months of a 1-year term. They are entitled to return of 3/4 of the premiums paid, as 3 months is 1/4 of the full term. 2) For a marine insurance policy covering 4 voyages, one voyage was completed before surrender. Return of premiums is still allowed since only one risk was exposed. 3) A home insurance policy covered the home and furniture. Some furniture was damaged and paid for before surrender. The premium return amount will be reduced by

Author

Ken Ny

Language

EN