Question
A method of permitting the final premium for a risk to
be adjusted, subject to an agreed-upon maximum and minimum limit based on actual loss experience is called?Solution
Retrospective rating is an insurance pricing method in which the premium is directly affected by losses that occur during the policy period. The insured pays a provisional premium based on projected losses. Retrospective rating is commonly used in workers compensation insurance.
When a number is divided by 19 remainder is 7. Find the remainder when four times of the same number is divided by 19.
If the 4-digit number m52n is exactly divisible by 9, then what is the least value of (m + n)?
- The sum of two numbers is 30 whereas the sum of their reciprocals is (12/5). Find the square of the product of the two numbers.
A = (7/3) × B and C = (1/14) × A. If (A + B + C) = 360, then determine the value of (10C – B).
Three numbers are in the ratio 6:9:13. The difference of the sums (first + third) and (first + second) is 52. Find the largest number.
Find the largest four-digit number which when divided by 6, 10, 15, and 18, leaves a remainder 1, 5, 10, and 13 respectively.
'k' is the value that should be subtracted from (7/8) in order to get (1/4). What will be the remainder when denominator of 'k' is divided by its numera...
Find the range of the given data:
14, 28, 35, 21, 42, 56, 49
Three numbers are in the ratio 6:9:14. If the difference between the sum of the smallest and the largest number and the sum of the smallest and the seco...
The sum of two distinct positive natural numbers is 246, and their difference is 34. Calculate 10% of the product of these two numbers.
