Benjamin Kusi answered Anonymous' question 4/17/2012 A fire insurance policy has an annual premium of $$780 what is the regular refund if the policy is canceled by the insurance company after five months? 780/No of months within a year=12 =780/12=65 =65*No of month after cancellation=5 =65*6=325 =780-325=445 therefore the answer is 445
