Author Question: The portion of an insurance premium allocated to expenses, profit, and a margin for contingencies is ... (Read 96 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
The portion of an insurance premium allocated to expenses, profit, and a margin for contingencies is called the
 
  A) loading.
  B) pure premium.
  C) gross premium.
  D) experience rate.

Question 2

Which of the following statements about judgment rating is true?
 
  A) It involves the manual rating of exposures.
  B) It is used when the loss exposures are so diverse that a class rate cannot be calculated.
  C) It is a form of experience rating.
  D) It is only used when credible loss statistics are available.



jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
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?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

For a complete list of videos, visit our video library