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This question belongs to Commerce Insurance

Insurance

?

What is PAC?

A) Post-Authorized Cheque B) Pre-Authorized Chequing C) Process-Authorized Chequing D) Pre-Authorized Checking

Answer & Solution

Correct Answer: Option B

Pre-Authorized Chequing is an authorization by the insured to allow the Insurance Company to automatically withdrawal their insurance payments from their chequing account.

Question posted by Examveda

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