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Which of the following is the correct formula to calculate the earned premium?
Suggested Answer: C
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12 comments · newest first
HI
Hillary
1 month ago
I’m torn between A and C. But I lean towards A.
BE
Benedict
1 month ago
A seems correct. It uses the policy premium properly.
JA
Jame
1 month ago
I think A is the right answer. It makes sense.
EU
Eugene
2 months ago
Surprised A) is correct, I always thought it was more complicated!
TA
Tammy
2 months ago
I thought it was about expired days, C) seems off.
MI
Mireya
2 months ago
Wait, how does unexpired coverage days even factor in?
RI
Ricarda
2 months ago
Totally agree, A) makes the most sense.
KI
King
2 months ago
A) is the right formula!
LA
Laila
2 months ago
I’m confused about the terms used in the options. I thought "interest premium" was not a standard term in this context, so I’m leaning away from option B.
RI
Rima
3 months ago
I feel like option A makes the most sense since it mentions unexpired coverage days, which seems logical for calculating earned premium.
SV
Svetlana
3 months ago
I remember practicing a similar question where we used the total days in the policy, but I can't recall if it was for unexpired or expired days.
IR
Ira
3 months ago
I think the formula involves the policy premium and the coverage days, but I'm not sure if it's the unexpired or expired days we should use.