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 103 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?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Types of Health Insurance Service Coverage Types of Health Insurance Service Coverage
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
We lost the 6th book in the series. After two months, we finally found it. We lost the 6th book in the series. After two months, we finally found it.
Video: What is Reverse Osmosis?

For a complete list of videos, visit our video library