OLD SHORT RATE
METHOD WHEELS:

6- & 12-month Calculator

(Green outer ring/blue inner ring/white arm)
Gives earned and unearned, pro rata and OLD short-rate factors for 6- and 12-month policies.
#27006……$75.00

1- & 3-Year Calculator

(White outer ring/white inner ring/green arm)
Gives unearned pro rata and short-rate premium factors. Uses OLD short-rate tables for 1- and 3-year policies. The 3-year policies use a 2.7 multiplier.
#27010……$75.00

1-3-5-Year Calculator

(White outer ring/yellow inner ring/white arm)
Gives earned premium, pro rata and OLD short-rate factors. The 3-year policies use a 2.7 multiplier and the 5-year policies use a 4.4 multiplier.
#27007……$75.00

These large, 10-1/2” diameter RONOCO Calculator Wheels© are simple to use and save time in figuring additional and return premiums along with cancellations. Instructions are written on the wheel, and the appropriate factor is obtained in 3 easy steps.

In order to get the correct wheel, it is important to know the type of short rate factor that is needed, the policy term and whether earned or unearned factors are needed.

Current ISO rules call for short rate being 90% of pro rata. Some companies still use the prior short rate tables. We provide wheels using each method.

90% SHORT RATE
METHOD WHEELS: