Examlex

Solved

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.


Definitions:

Ragged-right Type

A text alignment style where the text is aligned to the left margin, leaving the right edge uneven.

Informal

Characterized by a casual or relaxed style, not bound by formal rules, conventions, or etiquette.

Long Words

Words that are characteristically long, often perceived as more complex and can be challenging to understand or pronounce.

Phrases

Groups of words that work together to convey particular meanings but do not contain both a subject and a verb to form a complete sentence.

Related Questions