This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur ... (Read 61 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jul 11, 2018
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
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


xclash

  • Member
  • Posts: 681
Reply 2 on: Jul 11, 2018
:D TYSM

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

A cross of sweet peas showing that independent assortment does not always occur A cross of sweet peas showing that independent assortment does not always occur
Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and Organisms exhibit a diversity of behaviours, which include (clockwise from upper left), foraging and
Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy Invasive species in Canada include (a) zebra mussels, Dreissena polymorpha, (b) sea lamprey, Petromy
Cheetah at the Maasai Mara National Reserve Cheetah at the Maasai Mara National Reserve
Why would anyone decorate herself like this? Among the many reasons, one is to show solidarity ... Why would anyone decorate herself like this? Among the many reasons, one is to show solidarity ...
Pus-forming infection. Such infections occur more frequently in individuals with immunoglobulin ... Pus-forming infection. Such infections occur more frequently in individuals with immunoglobulin ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library