At the end of each reporting period, unearned premiums are calculated and the change in unearned premiums is recorded as a charge or debit to premium income.

The correct answer is B. False. See the full explanation below for the reasoning.

Question

At the end of each reporting period, unearned premiums are calculated and the change in unearned premiums is recorded as a charge or debit to premium income.

Options

ATrue
BFalse

How the community answered

(30 responses)

A
17% (5)
B
83% (25)

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