Download Insurance Wheel APK latest version Free for Android
| Version | 1.0 |
| Update | 8 years ago |
| Size | 1.24 MB (1,297,188 bytes) |
| Developer | David Grimmer |
| Category | Apps, Finance |
| Package Name | com.grimmersoftware.insurancewheel |
| OS | 2.2 and up |
Insurance Wheel APPLICATION description
Calculate returned insurance premium (refund) for cancelled policies
Before there were computers, insurance companies used a round slide rule device called an "Insurance Wheel" to calculate how much premium was to be refunded for a policy cancelled before its expiration date.
Insurance Wheel replaces the old circular slide rules. Insurance Wheel is a useful tool for insurance brokers as well as insurance carriers.
The Insurance Wheel calculator supports the 3 normal ways of calculating how much premium is returned when an insurance policy is cancelled before its expiration date:
Pro Rata - simple fraction of unearned policy period
Short Rate (90% pro rata) - pro rata discounted 10%
Short Rate - table driven
Insurance Wheel replaces the old circular slide rules. Insurance Wheel is a useful tool for insurance brokers as well as insurance carriers.
The Insurance Wheel calculator supports the 3 normal ways of calculating how much premium is returned when an insurance policy is cancelled before its expiration date:
Pro Rata - simple fraction of unearned policy period
Short Rate (90% pro rata) - pro rata discounted 10%
Short Rate - table driven
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