📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following does NOT form a part of

      “Book” price calculation?
      A Claims Costs Correct Answer Incorrect Answer
      B Management Expenses Correct Answer Incorrect Answer
      C Commission Correct Answer Incorrect Answer
      D Investment income Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      The "Book" price calculation in insurance typically includes the following components: Claims Costs Management Expenses Commission Investment income is not directly included in the "Book" price calculation as it represents a return on the insurer's assets and can offset some of the other expenses.

      Practice Next
      More Insurance Awareness Questions
      ask-question