Question
Which of the following is NOT a key expense considered
in premium calculation?Solution
Key expenses considered in premium calculation typically include: Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Salaries and wages Rent and utilities Claims costs Commissions Reinsurance costs Marketing and advertising expenses Operating expenses Investment income is not directly included in the calculation of the premium itself, but it can contribute to the insurer's overall profitability.
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and th...
Statements:
A = C > E = F > D; Y < Z ≤ F
Conclusions:
I. E > Z
II. D ˃ Y
Statements: P ≥ Q ≥ R = S, Q ≥ T > U ≥ V
Conclusion:
I. P ≥ V
II. P > V
Which of the following symbols should be placed in the blank spaces (_) respectively (in the same order from left to right) to complete the given expre...
Statements: A ≥ M > E, K ≤ J ≤ D = E, B ≤ Z ≤ Y = K
Conclusion:
I. M > Y
II. D ≥ B
Statements : B ≤ C < E; D ≤ F ≤ G; E = D; A > B
Conclusions :
(i) E ≥ G (ii) A < E (iii) B ≤ G (iv) C < F
...Statement: C < X ≤ B > E < L < I
Conclusion: I. I > EÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â II. C < I
...Statements: T > V > Q > S; L > S > V ≥ O ≤ X < Y
Conclusions:
I. T > L
II. V ≥ Y
III. T > OÂ
A statement is given, followed by two conclusions I and II. Decide which of the given conclusions is/are true based on the statement. Â
Statemen...
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and the...
