This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur ... (Read 76 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jul 11, 2018
Reasons for the unearned premium reserve include which of the following? I. To pay losses that occur during the policy period. II. To pay premium refunds to policyholders in the event of cancellation.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

Under one method of estimating a loss reserve, the reserve is based on life expectancy, duration of disability, and similar factors. This method of estimating loss reserves is called the
 
  A) judgment method.
  B) tabular value method.
  C) loss ratio method.
  D) average value method.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

mammy1697

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: C

Answer to Question 2

Answer: B


xclash

  • Member
  • Posts: 681
Reply 2 on: Jul 11, 2018
:D TYSM

coreycathey

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Over nearly 30 years, humans removed many polar bears for a variety of reasons, from a population in Over nearly 30 years, humans removed many polar bears for a variety of reasons, from a population in
Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th Two important changes occur in the upper airway in croup:The epiglottis swells, thereby occluding th
Key anatomical features of Homo habilis include reduced facial size, a parabolic palate, and some br Key anatomical features of Homo habilis include reduced facial size, a parabolic palate, and some br
The parts of a prescription include the superscription, inscription, sig., and subscription. The parts of a prescription include the superscription, inscription, sig., and subscription.
Common Types of Losses Common Types of Losses
General hand massage. Include (A) metacarpal mobilizations and (B) gentle finger pulls. (C) Press ... General hand massage. Include (A) metacarpal mobilizations and (B) gentle finger pulls. (C) Press ...
Video: Angiotensin II - kidneys, adrenal glands and dehydration

For a complete list of videos, visit our video library