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NameSchoolCompleted packets must be received/postmarked by: 4/15/21 via mail, fax or emailMail to and for Additional Information: Melissa Hosey, EC Coordinator 134 Franklin Boulevard Greensboro, NC
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How to fill out 5 unearned premium on

01
Identify the amount of unearned premium by analyzing the insurance policy.
02
Determine the period that the unearned premium covers.
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Divide the unearned premium by the number of months covered to find the monthly unearned premium amount.
04
Record the unearned premium on the appropriate line in the financial statements.
05
Update the unearned premium balance as the coverage period progresses.

Who needs 5 unearned premium on?

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Insurance companies who offer policies with premium payments in advance.
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5 unearned premium on refers to the amount of premium received by an insurance company for coverage not yet provided, representing liability until the coverage period expires.
Insurance companies that collect premiums for insurance policies are required to file 5 unearned premium on.
To fill out 5 unearned premium on, insurers must report the total amount of unearned premiums, detailing each policy and the corresponding amounts still owed for coverage.
The purpose of 5 unearned premium on is to accurately reflect an insurer's financial status and liabilities in terms of premiums collected for coverage that has not yet been provided.
The report must include the total unearned premiums, policy details, effective dates, and any adjustments made during the reporting period.
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