« previous next »

Author Question: An Econodeath Insurance Company actuary calculated the present value of the expected death claim the ... (Read 108 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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

The continents were not always in their present positions. The position of the continents is importa The continents were not always in their present positions. The position of the continents is importa
Jacques-Louis David, Study for the Death of Socrates. Jacques-Louis David, Study for the Death of Socrates.
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
Ten Leading Causes of Death in the World, 2011 Ten Leading Causes of Death in the World, 2011
Ten Leading Causes of Death in Low-Income Countries, 2008 Ten Leading Causes of Death in Low-Income Countries, 2008
The expected value for a binomial probability distribution is _____. The expected value for a binomial probability distribution is _____.
Video: Protein catabolism - deamination

For a complete list of videos, visit our video library