Are you having trouble answering the question “Ben has a past due premium of $387 and a pending claim of $642. Which of the following is true?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
Ben has a past due premium of $387 and a pending claim of $642. Which of the following is true?
a. The insurer may add the pending claim to the past due premium and invoice Ben for the combined amount of $1,029.
b. The insurer may deduct the amount of the past due premium from the pending claim, thereby reducing Ben’s claim payment to $255.
c. Ben will be required to pay a subsequent premium as penalty for not paying the premium prior to incurring a claim.
d. None of the above
Answer: b. The insurer may deduct the amount of the past due premium from the pending claim, thereby reducing Ben’s claim payment to $255.
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