Reasons for the Unearned Premium Reserve Include Which of the Following

question 21

Multiple Choice

Reasons for the unearned premium reserve include which of the following?
I.To pay losses that occur during the policy period.
II.To pay premium refunds to policyholders in the event of cancellation.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Human Health

A state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.

Pesticide

Chemical or biological agents used to control pests, diseases, or weeds harmful to plants, animals, or humans.

Registered

Officially recorded or listed, especially in a legal or formal context.

Pesticide Residues

The traces of chemicals left on or in crops and food products after pesticide application, which can have health implications.