Exam DISC-IA Practice Question 19
Study guide: Exam DISC-IA
An annual policy is written January 1 for $1,200. On July 1, an endorsement adds coverage for the rest of the term at an additional premium of $300, recorded on July 1. Treating months as equal, how much premium has been earned on the policy by September 30?
- A) $900
- B) $975
- C) $1,050
- D) $1,200
Answer this question and see the worked solution