Michele's property insurance on her home was canceled by the insurance company after a period of 315 days. What would be her regular refund if the annual premium were $384.00 based ori Table 19-5? (Round your answer to the nearest cent.) O $52.60 O $76.80 O $331.40 O $384.00

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Michele's property insurance on her home was canceled by the insurance company after a period of 315 days. What would be her regular refund if the annual premium were $384.00 based ori Table 19-5? (Round your answer to the
nearest cent.)
O $52.60
O $76.80
O $331.40
O $384.00
Transcribed Image Text:Michele's property insurance on her home was canceled by the insurance company after a period of 315 days. What would be her regular refund if the annual premium were $384.00 based ori Table 19-5? (Round your answer to the nearest cent.) O $52.60 O $76.80 O $331.40 O $384.00
TABLE 19-5 Property Insurance Short-Rate Schedule
Percent of
Time Policy
Is in Force
Percent of
Time Policy
Is in Force
5 days
Annual
Annual
Premium
(months)
Premium
8
4
50
10 days
10
5
60
15 days
20 days
14
70
16
7
75
25 days
18
8
80
85
1 month
20
10
90
2 months
30
11
95
3 months
40
12
100
Transcribed Image Text:TABLE 19-5 Property Insurance Short-Rate Schedule Percent of Time Policy Is in Force Percent of Time Policy Is in Force 5 days Annual Annual Premium (months) Premium 8 4 50 10 days 10 5 60 15 days 20 days 14 70 16 7 75 25 days 18 8 80 85 1 month 20 10 90 2 months 30 11 95 3 months 40 12 100
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