Flat Cancellation Zero Earn Checker
Audit independently available risk-attachment/claims evidence and caller flat-cancellation permission, then conditional zero-earned refund scenario; no absent evidence proves no risk or legal refund entitlement.
Description
A zero-earned cancellation scenario needs evidence that risk never attached, no claims and caller permission.
A zero-earned cancellation scenario needs evidence that risk never attached, no claims and caller permission. Missing evidence does not prove absence of risk.1
The returned values include Caller zero earn flat cancellation evidenced, Caller modeled flat return minor. The How section below explains the calculation, input rules and interpretation.
When to use Flat Cancellation Zero Earn Checker
Use Flat Cancellation Zero Earn Checker when you need to evaluate the supplied records under the calculation and evidence rules below. No legal cancellation permission, attachment investigation or refund entitlement is supplied.
Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
How to use Flat Cancellation Zero Earn Checker and understand its results
- Prepare the observed policy, claim or quote evidence and independently verified policy tables. Monetary fields use integer minor units in one currency: for a currency with 100 minor units per major unit, enter 12345 for 123.45. One basis point is 0.01 percentage points, so 10000 basis points represents 100%.
- Enter observedRiskAttachmentEvidenceAvailable, observedRiskEverAttached, observedClaimsExist, callerFlatCancellationAllowed, observedPremiumPaidMinor, callerNonrefundableFlatFeeMinor using the field table and calculation rules, then run the tool.
- Read callerZeroEarnFlatCancellationEvidenced, callerModeledFlatReturnMinor. The explanation below defines the units, signs, ordering and any flags or placeholder values.
- If the tool reports an input issue, correct the values and run it again. Apply the stated assumptions when interpreting a successfully returned result.
| Input field | Meaning | Value type; see rules below | Requirement |
|---|---|---|---|
| observedRiskAttachmentEvidenceAvailable | Observed risk attachment evidence available | boolean | Required |
| observedRiskEverAttached | Observed risk ever attached | boolean | Required |
| observedClaimsExist | Observed claims exist | boolean | Required |
| callerFlatCancellationAllowed | Caller flat cancellation allowed | boolean | Required |
| observedPremiumPaidMinor | Observed premium paid minor | number | Required |
| callerNonrefundableFlatFeeMinor | Caller nonrefundable flat fee minor | number | Required |
Enter four evidence/policy booleans and integer paid premium/fee money 0–10¹² each. Return the joint evidence flag and conditional modeled refund.
eligible=evidenceAvailable and not riskAttached and not claimsExist and allowed; return=eligible?max(0,paid−fee):0 Units, indexing, boundary conditions and exceptional cases are defined in the calculation rules above.
| Output field | Meaning | Value type |
|---|---|---|
| callerZeroEarnFlatCancellationEvidenced | Caller zero earn flat cancellation evidenced | boolean |
| callerModeledFlatReturnMinor | Caller modeled flat return minor | number |
{
"input": {
"observedRiskAttachmentEvidenceAvailable": true,
"observedRiskEverAttached": false,
"observedClaimsExist": false,
"callerFlatCancellationAllowed": true,
"observedPremiumPaidMinor": 10000,
"callerNonrefundableFlatFeeMinor": 100
},
"output": {
"callerZeroEarnFlatCancellationEvidenced": true,
"callerModeledFlatReturnMinor": 9900
}
}Limitations and assumptions
No legal cancellation permission, attachment investigation or refund entitlement is supplied.
Numeric inputs, where present, must be finite. Follow the calculation-specific rules for overflow, underflow and exceptional cases. Missing required fields, extra fields, wrong value types and violations of the calculation rules are input errors. A successfully returned false flag is an evaluated outcome; its meaning is explained above.
Alternative or Complementary methods
Use Minimum Earned Premium Cancellation Formula Calculator: Minimum-earned cancellation retains the greater of elapsed-time premium and a caller floor. Nonrefundable fees reduce the remaining refund. For a complementary task, use Short Rate Cancellation Penalty Table Lookup: Short-rate cancellation uses a verified earned-premium schedule rather than straight elapsed-time proration. An independent fee reduces the return.
References
-
Flat Cancellation Zero Earn Checker — tool.io
Similar or alternative tools
- Minimum Earned Premium Cancellation Formula Calculator
Minimum-earned cancellation retains the greater of elapsed-time premium and a caller floor. Nonrefundable fees reduce the remaining refund.
- Short Rate Cancellation Penalty Table Lookup
Short-rate cancellation uses a verified earned-premium schedule rather than straight elapsed-time proration. An independent fee reduces the return.