Are you having trouble answering the question “If the insurer cancels a health insurance policy during the middle of the policy term, how will the premiums be returned to the policyholder?”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
If the insurer cancels a health insurance policy during the middle of the policy term, how will the premiums be returned to the policyholder?
a. Short rate return
b. Pro rata return
c. Full return of all premiums
d. Unearned premiums are not returned.
Answer: b. Pro rata return
You should now have gotten the answer to your question “If the insurer cancels a health insurance policy during the middle of the policy term, how will the premiums be returned to the policyholder?”, which was part of Insurance MCQs & Answers. Thanks for choosing us.
