What is PAC

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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.

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What is PAC?

Solution (By Examveda Team)

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