P&C Practice Test 9

10 free P&C practice questions in the real exam format, covering the official content areas, with an explanation for every answer.

P&C Practice Test 9Tutor mode

Question 1 of 10

Casualty: Policy Provisions

The first named insured cancels a liability policy with an annual premium of $2,400 after exactly 6 months. Per the policy, return premium is figured short-rate, which for this policy equals the pro-rata unearned premium minus a penalty of 10% of that unearned amount. What is the return premium?