When a insurance policy is terminated and the unearned premium is calculated on a short rate basis,

Question

Who canceled the policy?

A.the producer

B.The agent

C.the adjuster

D.The insured

10 points to insurance agents only!

Answer 1

D

Answer 2

the insured  

Answer 3

Im guessing your in USA. In England it could be either the producer (insurer) as you say, the agent or the insured.

Short term cancellation usually applies when the policy has been cancelled in the first year of the insurance policy or for things like non payment or some such thing

Answer 4

D.

Short rate cancellations are only when the insured cancels.  An agent, adjuster, or producer has NO AUTHORITY to cancel the policy.    

Answer 5

YOu are not the only one,I have ever met the similiar problem before.I have good experience here though.http://insurance.free-onlinetip.info/ins...