Examlex
Select the response that identifies or corresponds best to the image on the screen.
Premium Rate
The price of an insurance premium per unit of coverage, often expressed in terms of monthly or annual cost.
Premium Rate
The price of an insurance policy, typically quoted as a cost per hundred or thousand dollars of coverage.
Annual Premium
Annual Premium refers to the amount paid yearly for an insurance policy to keep it active and provide coverage.
Short-rate Refund
A refund of a portion of a premium on an insurance policy, calculated using a method that is less than pro-rata, often involving a penalty for early cancellation.
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