What is PAC?
A. Post-Authorized Cheque
B. Pre-Authorized Chequing
C. Process-Authorized Chequing
D. Pre-Authorized Checking
Answer: Option B
Solution(By Examveda Team)
Pre-Authorized Chequing is an authorization by the insured to allow the Insurance Company to automatically withdrawal their insurance payments from their chequing account.Related Questions on Insurance
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