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Author Question: The portion of an insurance premium allocated to expenses, profit, and a margin for contingencies is ... (Read 105 times)

Arii_bell

  • Hero Member
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  • 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

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


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