SOFE SOFA-CFE Exam - Topic 4 Question 130 Discussion
Which of the following is the correct formula to calculate the earned premium?
C) Earned premium = (Policy premium x expired coverage days) / Total number of days in the policy
A) Earned premium = (Policy premium x Unexpired coverage days) / Total number of days in the policy
B) Earned premium = (Interest premium + Unexpired coverage days) / Total number of days in the policy
D) Earned premium = (Overhead premium _ Unexpired coverage days) / Total number of days in the policy
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