Unearned premium refunds for insurance policies cancelled when an insurance company is covered by the Illinois Insurance guaranty fund is subject to a MAXIMUM premium refund of what amount? A.$ 100.00 B.$ 1000.00 C.$10,000.00 D.$ 100,000.00

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 98PSA
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Unearned premium refunds for insurance policies cancelled when an insurance company is covered by the Illinois Insurance guaranty fund is subject to a MAXIMUM premium refund of what amount?

A.$ 100.00

B.$ 1000.00

C.$10,000.00

D.$ 100,000.00

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