This topic contains a solution. Click here to go to the answer

Author Question: Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur ... (Read 60 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur during the policy period. II. To pay premium refunds to policyholders in the event of cancellation.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the
 
  A) judgment method.
  B) tabular value method.
  C) loss ratio method.
  D) average value method.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B




xclash

  • Member
  • Posts: 681
Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review


nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

The FDA recognizes 118 routes of administration.

For a complete list of videos, visit our video library