The pro rata portion of premiums written allocable to unexpired policy periods represents unearned premiums, which are reflected as ___________ in the balance sheet.

Name: The pro rata portion of premiums written allocable to unexpired policy periods represents unearned premiums, which are reflected as ___________ in the balance sheet.
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Question

Quizplus · Accepted Answer

The unearned premiums will be recorded as a liability on the balance sheet until the policy periods expire and the premiums become earned.

The Pro Rata Portion of Premiums Written Allocable to Unexpired