Exam DISC-IA Practice Question 11
Study guide: Exam DISC-IA
An insurer writes $2,400,000 of one-year policies during October and computes its unearned premium reserve by the monthly pro rata method. How much of this October business is earned by December 31 of the same year?
- A) $400,000
- B) $500,000
- C) $600,000
- D) $1,900,000
Answer this question and see the worked solution