« previous next »

Author Question: The portion of an insurance premium allocated to expenses, profit, and a margin for contingencies is ... (Read 59 times)

Arii_bell

  • Hero Member
  • *****
  • Posts: 596
on: Jul 11, 2018
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
Reply #1 on: Jul 11, 2018
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
« previous next »
 

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

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?

The human body produces and destroys 15 million blood cells every second.

Alveolar margin of the Maxilla Alveolar margin of the Maxilla
When the United States gets stuck over a controversial issue—usually something a divided Congress ca When the United States gets stuck over a controversial issue—usually something a divided Congress ca
Types of Health Insurance Service Coverage Types of Health Insurance Service Coverage
A pump showing regular with a pump octane of 87, plus rated at 89, and premium rated at 93. These ... A pump showing regular with a pump octane of 87, plus rated at 89, and premium rated at 93. These ...
Analogies for estimating portion size Analogies for estimating portion size
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library