Calculate the Regular Refund for the Following Policy Canceled by the Insurance

question 127

Short Answer

Calculate the regular refund for the following policy canceled by the insurance company. $\begin{array}{lll}\text { Annual } & \text { Canceled } \\\text { Premium } & \text { After } & \text { Refund } \\\hline \$883 & \text {3 months } &\end{array}$

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Definitions:

Implied

Not explicitly stated but understood from the circumstances or context of an agreement or action.

Implied Bailment

A bailment formed without explicit agreement, inferred from the actions or circumstances of the parties involved.

Plaintiff

The person or party who initiates a lawsuit (an action) before a court by filing a complaint with the clerk of the court against the defendant(s). Also known as claimant or complainant.

Appeal

The process of challenging the decision of a lower court in a higher court.