Multiple Choice
Alley Katz cancels her six-month auto policy exactly four months into the policy period. If her six month premium was $900,how much will she receive as a refund of unused premium from her insurer?
A) $300
B) $450
C) An amount less than $300, to reflect the short-rate cancellation penalty the insurer will impose
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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