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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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Difference between the repo rate and reverse repo rate?
The reverse repo rate is the rate at which banks park their short-term excess liquidity with the Central Bank, while the repo rate is the rate at which the Central Bank pumps in short-term liquidity into the system.
Difference between rate constant and specific rate constant?
There is no difference between them they are same rate constant is another name of specific rate constant
Difference between rack rate and nett rate?
i can't.
What is the difference between mortality rate and death rate?
mortality rate - death rate
What is the definition of short rate cancellation?
[[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. <p> This is calculated using either a [[online wheel calculator]] or using a paper wheel.
What is the Difference between coupon rate and required return of a bond?
The difference between the coupon rate and the required return of a bond is dependent upon the type of bond. Junk bonds will have the biggest difference between its return and the coupon rate.
What is the difference between apical rate and radial rate?
They should be about the same.
What is the difference between death rate and birth rate?
The difference between the two is 'population growth' if it is a positive number or 'population decline' if it is negative.
What is the difference between speed and rate?
The difference is, speed is how much you are going or using but rate is how much you have been going or using.
What is the difference between flat rate and reducing rate in banking?
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What is the difference between rate of change and slope?
Slope is blah. Rate of change is blah.
