Keenan has coverage with two separate insurers that provide similar benefits. If he has a loss,
A) the claim will be declined by one insurer and covered by the other.
B) Keenan will need to pay an additional premium to both insurers.
C) the amount paid by the two insurers will be prorated and Keenan's policy will be cancelled by the insurer with the next renewal date.
D) the amount paid by the two insurers will be prorated and Keenan will be refunded any excess premium.
Ans: D) the amount paid by the two insurers will be prorated and Keenan will be refunded any excess premium.
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