« previous next »

Author Question: An Econodeath Insurance Company actuary calculated the present value of the expected death claim the ... (Read 111 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?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

The skeleton of a dwarf elephant from the island of Crete. Dwarf elephants were present on some Medi The skeleton of a dwarf elephant from the island of Crete. Dwarf elephants were present on some Medi
Instructions for Completing the CMS-1500 (02/12) Claim Form Instructions for Completing the CMS-1500 (02/12) Claim Form
Leading Causes of Death Due to Infectious Diseases Leading Causes of Death Due to Infectious Diseases
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?
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ... Jia's Fashions recently paid a $2 annual dividend. The company is projecting that its ...
Video: Electromagnetic Spectrum, Chlorophyll and Pigment & Light

For a complete list of videos, visit our video library