This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Cameron Insurance Company insured Driver Gifford at an annual premium of 740 . After 6 months, ... (Read 107 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
on: Jun 24, 2018
Cameron Insurance Company insured Driver Gifford at an annual premium of 740 . After 6 months, Gifford sold the car and canceled the insurance. Cameron Insurance Company refunded the remaining half of the premium at the short rate based on a penalty of 15. Compute the amount of the short-rate refund.

Question 2

A homeowner insured a house for 150,00 . for one year at a premium rate of 5.00 per thousand. The homeowner canceled the policy during the year. The insurance company has a penalty of 15 for short-rate refunds. Compute the amount of the penalty.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 24, 2018
Answer to Question 1

259

Answer to Question 2

112.5


faduma

  • Hero Member
  • *****
  • Posts: 528
Reply #2 on: Jun 24, 2018
Thank you


kingdude89

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

The Sidereal and Synodic Months The Sidereal and Synodic Months
This headache remedy was “guaranteed” by the drug company; 1906. This headache remedy was “guaranteed” by the drug company; 1906.
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ... An organizational specialist is hired as a consultant to a company planning to open a coffee ...
Life Table for an Annual Plant Cohort Life Table for an Annual Plant Cohort
Video: Introduction to Genetics

For a complete list of videos, visit our video library