When indebtedness is discharged before the scheduled maturity date, credit insurance is
A) prorated for the actual length of the payment period, with premiums adjusted accordingly
B) terminated and a refund is paid to the insured
C) extended for the length of the loan, at additional cost to the insured
D) transferred to another debt that is still owed
Ans: B) terminated and a refund is paid to the insured
Business
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