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    Risk Management and Insurance
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    Exam 9: Basic Property and Liability Insurance Contracts
  5. Question
    Explain What Is Meant by Short-Rate and Pro-Rata Cancellation
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Explain What Is Meant by Short-Rate and Pro-Rata Cancellation

Question 49

Question 49

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Explain what is meant by short-rate and pro-rata cancellation. In what cases are each used?

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rata cancellation is used when the i...

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