The Calculations below will show UNEARNED (return premium) factors. The default will display short rate factor for a one year policy which is 90% of pro rata factor.
Date of Cancellation:
/
/
MONTH/DAY/YEAR
(example: 2/23/2005)
Term in Months:
Effective Date:
/
/
MONTH/DAY/YEAR
(example: 6/13/2006)
Expiration Date:
/
/
MONTH/DAY/YEAR
(example: 6/13/2007)
Days in Effect
Remaining Days
Factor Method:
Short Rate
Short Rate (90% pro rata)
Pro Rata
Earned Factor:
Do Not Use Commas (,)
Unearned Factor:
Premium:
$
CLICK HERE when the PREMIUM has been
entered to calculate the Earned/Return Premiums
Earned Premium:
$
Return Premium:
$