« previous next »

Author Question: The portion of an insurance premium allocated to expenses, profit, and a margin for contingencies is ... (Read 103 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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
Recommended Portion Sizes per Serving Recommended Portion Sizes per Serving
Recommended Portion Sizes per Serving Recommended Portion Sizes per Serving
An example of a portion of a manifest used in marine transportation. An example of a portion of a manifest used in marine transportation.
In plant fossils, leaf margin is used to estimate mean annual temperature In plant fossils, leaf margin is used to estimate mean annual temperature
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Insulin (glucose uptake by body cells), glycogenesis and lipogenesis

For a complete list of videos, visit our video library