Question
Insurance companies that band together as self-insurers
and form an organization that is chartered and licensed as an insurer in at least one state to handle liability insurance is called?Solution
Risk Retention Groups (RRGs) are liability insurance companies owned by its members. RRGs allow businesses with similar insurance needs to pool their risks and form an insurance company that they operate under state regulated guidelines.
The ages of 4 members of a family are in the year 2011 are ‘X’,’X+6’,’X+12’ and ‘X+18’. After some years Oldest among them was dead then...
In a school with 400 students, the average of the age of the boys is 16 years and that of the girls is 12 years. If the average age of the school is 14 ...
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Average weight of all the people in a group is 60 kg. When two people of weight 66 kg and 84 kg left the group, average weight reduces by 1 kg. Find the...
The average age of a class of 20 girls is 14 years. If 5 new girls having average age of 9 years join the class, then the average age of the class becomes:
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Average run scored by a batsman in first ‘x’ matches is 70. In next 12 matches he scored runs with an average of 90 so that his overa...
In an examination, the average marks obtained by the students is 75. After correcting the quantitative mistakes, the average of 100 students is reduced ...
Deepak spends an average of Rs. 520 on Sundays and Rs. 340 on the remaining days. Find his average spending in a 30-day month starting with Sunday.
Average weight of a group of ‘x’ people increased by 2 kg, when a person weighing 70 kg joined the group, while the average weight increased by 3 kg...
