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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Auto Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Pro-Rata Cancellation |
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When policyholders cancel a policy, they are entitled to the unearned portion of the premium for the unused period of the policy. For example, if you paid for a six-month policy, and cancel the policy after three months, you are entitled to a refund for the three months of coverage that you didn't receive |
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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