Question
For which of the following Farrar–Glauber test
regression test is done?Solution
The Farrar-Glauber test (F-G test) for multicollinearity is the best way to deal with the problem of multicollinearity. The F-G test is, in fact, a set of three tests for testing multicollinearity. These are Chi-square test, then F-test is done and finally t-test is done
Which of the term is the used when a policy has lapsed due to non-payment of premium?
What is the main role of an insurance underwriter?
What is the Fee paid to an agent or insurance salesperson as a percentage of the policy premium?
Risks that affect simultaneously a great number of policyholders is called?
A written form attached to an insurance policy that alters the policy’s coverage, terms, or conditions is termed as?
Which of the following company is not a foreign insurance company?
If the total premium is Rs. 50,000 and the Limit of Liability is Rs. 20,000,000; what is the rate on line?
A policy that covers the loss of baggage during travel is:
In India, insurance has a deep-rooted history. It finds mention in the writings of?
Who determines the third-party insurance premium of the two-wheelers?
