during a portfolio transfer, the pre-agreed terms between the insure and broker often include

Page 1 it has withdrawn from the market so it no longer writes business. 1 2 3 Question 5 (1 point) 4 5 6 Which of the following defines a pro rata termination? 7 8 9 Used when the policy is terminated from the inception date. No premium is requested or paid and no cover has been given during the period prior to the termination. 1 10 11 12 None of the above. 1 13 14 15 The full proportion of the premium for the unexpired term of the policy. Used when the insurer initiates termination of a policy. 1 1 16 17 18 The return premium is less than the proportionate part that remains unearned. Used when the insured initiates termination of a policy to offset the insurer costs of underwriting and issuing the policy. 1 19 20 21 Question 6 (1 point) the insurer and broker