Calculate returned insurance premium (refund) for cancelled policies
Insurance Wheel replaces the old circular slide rules. Insurance Wheel is a useful tool for insurance brokers as well as insurance carriers.
The Insurance Wheel calculator supports the 3 normal ways of calculating how much premium is returned when an insurance policy is cancelled before its expiration date:
Pro Rata – simple fraction of unearned policy period
Short Rate (90% pro rata) – pro rata discounted 10%
Short Rate – table driven
See detail information: googleplaystoreapks.com/category/finance