« previous next »

Author Question: An Econodeath Insurance Company actuary calculated the present value of the expected death claim the ... (Read 114 times)

joe

  • Hero Member
  • *****
  • Posts: 627
on: Jul 11, 2018
An Econodeath Insurance Company actuary calculated the present value of the expected death claim the company will pay if it sells whole life insurance to a 30-year-old woman. This value is called the
 
  A) net level premium.
  B) gross premium.
  C) net single premium.
  D) life insurance policy reserve.

Question 2

XYZ Insurance Company expects 500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?
 
  A) 69.99
  B) 166.67
  C) 350.00
  D) 500.00


annierak

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

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?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

CMS-1500 (02/12) claim form. CMS-1500 (02/12) claim form.
For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ... For centuries, widows in the Mediterranean countries, such as thise widow in Greece, were expected ...
Alzheimer’s disease causes death of many neurons. This is manifested both microscopically and ... Alzheimer’s disease causes death of many neurons. This is manifested both microscopically and ...
How to calculate present value (Question 1) How to calculate present value (Question 1)
How many hydrogen ions (H+) are present and on what side of the chemical equation? How many hydrogen ions (H+) are present and on what side of the chemical equation?
Opener Chiasmata present between synapsed homologs during the first meiotic prophase Opener Chiasmata present between synapsed homologs during the first meiotic prophase
Video: Membrane Protein and Facilitated Transport (Passive Vs Active)

For a complete list of videos, visit our video library