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A pro rata cancellation is afull refund of any unearned premiums. ... For example, if an insured pays a premium of $12,000 for the year, but the policy is cancelled after 6 months on a pro-rata basis, the insurer returns $6000 to the insured—50% of the policy remaining means 50%...
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of CTC comprises compulsory deductibles. These include deductions for provident fund, medical insurance etc. They form a part of your compensation structure but you not get them as a part of the in-hand salary. As such, although it increases your CTC, it does not increment your net salary....
What Does FTE Mean in Academic Budget? byFraser Sherman Published on 19 Oct 2018 A full time equivalent employee is a term used by colleges, universities and other organizations when budgeting for staff costs. Suppose the math department needs to budget for a new teacher. It can hire one ful...
does not define the terms "full time" or "part time," but also requires employers to pay time and a half after 40 hours in a single week. Because overtime is calculated on a weekly basis, employees are not entitled to overtime for staying late on a single day unless required by ...
33% don't because they can contribute directly. Another 21% don't know how to do it, while 18% more are concerned about the consequences. Some who are worried about the consequences are perhaps right (pro-rata issues) and some perhaps are wrong (step transaction concerns). One person eve...
"This temporary suspension of redemptions will enable the Amaranth funds to generate liquidity for investors in an orderly fashion, with the goal of maximizing the proceeds of asset dispositions, while seeking to treat all investors equitably through pro rata distributions," the letter by founder Nic...
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