Question
The process of determining the cost of an insurance
policy based on the actual loss experience determined as an adjustment to the initial premium payment is termed as?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.
20.11 × 6.98 + 21.03 × 6.12 – 37.95 + 92.9 × 5.02 =?
? = 38.97² ÷ (3.99⁵ + 5.89 × 107.32) + 58.24% of (512.12 × 21.07)
(363.89% of 224.98 – 319.86% of 134.94) ÷ ? = √(134.88 ÷ 15.25)
111.89 × 4.12 – 504.04 ÷ 2.12 = 170.12 + ?
(29.892 × √290) + 32.98 × 6.91 = ?
Mohan allocates 40% of his monthly income for rent. After paying for rent, he uses 30% of the remaining amount for groceries. Additionally, he spends an...
(91.004)2 - (40.003)2 - (52.9)2 = ?
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
What approximate value will come in place of question (?) in the following given expression? You are not expected to calculate the exact value.
...(11.11 × 31.98) + 14.15% of 749.99 = ? + 124.34
