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STUDENT MEDICAL INSURANCE OFFICE University at Buffalo 223 Student Union, Buffalo, NY 14260 Tel: (716)645-3036 Fax: (716)645-3465 Web: www.healthinsurance.buffalo.edu 2010-2011 PRO RATA PREMIUM REFUND
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How to fill out 2010-2011 pro rata premium?

01
Begin by gathering all the necessary information, such as the policy number, period covered, and the total premium amount for the policy.
02
Calculate the number of days the policy was in force during the 2010-2011 period. This can be done by subtracting the policy start date from the policy end date and adding 1 to include both the start and end dates.
03
Next, determine the number of days remaining in the policy period after the 2010-2011 period ends. This can be calculated by subtracting the policy end date from the end date of the policy period and adding 1.
04
Calculate the pro rata premium by taking the total premium amount and dividing it by the total number of days in the policy period. Then, multiply this amount by the number of days the policy was in force during the 2010-2011 period.
05
The resulting figure is the pro rata premium for the 2010-2011 period.

Who needs 2010-2011 pro rata premium?

01
Insurance companies: Insurance companies may require the calculation and documentation of the pro rata premium for policies that were in force during the 2010-2011 period.
02
Policyholders: Policyholders may need to know the pro rata premium if they are canceling their policy before the end of the policy period or if they are adding coverage for only a portion of the policy period.
03
Insurance brokers or agents: Insurance brokers or agents may assist policyholders in calculating the pro rata premium and providing the necessary documentation to the insurance company.
Overall, anyone involved in the insurance industry, whether it be insurers, policyholders, or insurance professionals, may need to understand and utilize the 2010-2011 pro rata premium concept.
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Pro rata premium refund is the refund of a portion of an insurance premium when the policy is cancelled before the end of the policy period.
The insured or policyholder is required to file for a pro rata premium refund when canceling an insurance policy.
To fill out a pro rata premium refund, the insured must submit a cancellation request to the insurance company and provide any necessary documentation.
The purpose of pro rata premium refund is to ensure that the insured is only paying for the time period in which the insurance policy was active.
The pro rata premium refund must include the policy number, effective date of cancellation, reason for cancellation, and refund amount.
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