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.
Two trains of equal lengths take 15 seconds and 30 seconds respectively to cross a telegraph post. If the length of each train be 180 metres, in what ti...
Train 'Express Star' is moving at a speed of 90 km/hr, traveling towards train 'Speedy Voyager,' which is twice as long as 'Express Star' and has the sa...
Two trains, each 110 meters long, are running in opposite directions. If the speed of one train is twice that of the other and they take 12 seconds to c...
A train 450 metre long takes 30 sec to cross a man running at a speed of 6 km/hr in the direction same to that of train. What is the speed of the train?
- Train ‘X’ is 360 metres long and takes 18 seconds to cross a pole. Speed of train ‘Y’ is 22 m/sec. If both trains cross each other in 16 seconds wh...
Train ‘M’ is travelling with a speed of 72 km/hr and crosses a vertical pole in 5 seconds. Train ‘N’ is 25 metres longer than ‘M’ and trave...
1800 metres long train crosses a man who is moving in the same direction with a certain speed, in 18 seconds. If the same train can cross a tree in 9 se...
A train travelling at the speed of 72 km/hr crosses another train, having 40 meters less length and travelling in opposite direction at the speed of 54 ...
- Train 'X' can cross a pole in 15 seconds and a 180 metres long bridge in 18 seconds. Train 'Y' whose length is 80% of the length of train 'X' runs in the s...
A man is running at 6 m/sec in the same direction of a train. The train crosses him in 5 seconds. If speed of the train is 108 km/hr, find the time to c...
