Calculate the Short-Term Premium and Refund for the Policy Canceled

question 148

Short Answer

Calculate the short-term premium and refund for the policy canceled by the insured. $$\begin{array} { l l l l } \text { Annual } & \text { Canceled } & \text { Short-term } \\\underline{\text { Premium }} & \underline{\text { After } }& \underline { \text { Premium } } & \underline { \text { Refund } } \\\$ 430 & 3 \text { months } & &\end{array}$$

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Definitions:

Old Northwest

A historical term referring to the territory northwest of the Ohio River and east of the Mississippi, which was crucial in early American expansion and settlement.

Internal Borderland

Areas within a country that exist at the intersection of different cultural, ethnic, or geopolitical regions, often creating a site of mixed identities and conflict.

Geographical Feature

A natural or man-made feature on the earth's surface, such as mountains, rivers, or buildings.

Squatters

Individuals who occupy an uninhabited or abandoned property without legal permission or ownership rights, often claiming it as their own.