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- Tue Nov 11, 2014 11:04 am
- Forum: Opinions
- Topic: Insurance Acounting query (minimum earned premium policy)
- Replies: 2
- Views: 6596
Insurance Acounting query (minimum earned premium policy)
Normally earned/unearned premium gets calculated on pro-rata basis. My question is, if the policy is on short rate or is a minimum earned premium policy; for accounting purpose will the earned premium still be calculated on pro-rata? In other words, let’s say for a 100% minimum earned policy (annual...