2015 Fall 1 e)
is this the correct answer for this question?
charges an interest rate of 1.5 percent of the total premium as the policy term is 12-month
initial payment equal to 2 monthly installments of the total premium
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is this the correct answer for this question?
charges an interest rate of 1.5 percent of the total premium as the policy term is 12-month
initial payment equal to 2 monthly installments of the total premium
Comments
I actually cant find the latest limit on the amount of interest that insurers are allowed to charge, but this seems right based on the answer key
Yes, this is likely out-of-date but it should still be considered a valid answer until the syllabus reading is updated.