Question
According to the Executive Committee of the General
Insurance Council, what is the minimum amount of unexpired risk reserve required for Marine Insurance?Solution
According to the Executive Committee of the General Insurance Council, for Marine Insurance, the minimum amount of unexpired risk reserve that must be maintained is 100% of the premium. This means that insurance companies must set aside an amount equal to the entire premium received for marine insurance policies to cover potential future claims and liabilities.
Which conditions must be met for a third party’s customer due diligence to be accepted by an RE?
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X Ltd. provides you the following information to calculate P/V ratio.
Fixed cost = Rs. 40,000, Break-even point = Rs. 1,00,000
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In MS Excel, the function =PMT(rate, nper, pv) is used to calculate the:
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The reasons for employee turnover in an organization can be classified under 3 heads:
(a) Personal causes, (b) Unavoidable causes and (c) Avoidab...
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