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In Pro Rate cancellation , the insurer will not charge a penalty premium and the return premium is the premium for the unexpired term of the policy.

While in Short Rate cancellation , the insurer charge for a penalty premium as the cancellation is due to insured request . The Insurer keeps a percentage of earned premium to cover its costs.

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In Pro Rate cancellation , the insurer will not charge a penalty premium and the return premium is the premium for the unexpired term of the policy.

While in Short Rate cancellation , the insurer charge for a penalty premium as the cancellation is due to insured request . The Insurer keeps a percentage of earned premium to cover its costs.

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[[short rate]] is a penalty method of calculating return policy when it is cancelled by the policy holder prior to the expiration date of the policy.

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This is calculated using either a [[online wheel calculator]] or using a paper wheel.

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On FHA there is no cancellation on the MMI insurance. It is life of loan coverage.

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Represents the cancellation of debt, which is income you received. The same as if the lender gave you money.

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The cancellation made everyone late for work.

The clairvoyant did not predict the cancellation of his show.

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