Question
What is the primary method to calculate the pure premium
for a group of insured?Solution
Divide the total claims incurred per year by the number of units of exposure. The pure premium represents the expected cost of claims per unit of exposure. It is calculated by dividing the total claims incurred during a specific period by the total number of units of exposure (e.g., number of vehicles, number of homes).
Select the option that can be used as a one-word substitute for the given group of words.
A collection of sticks
Select the option that can be used as a one-word substitute for the given group of words.
One who examines a company’s financial records
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Behaviour in which somebody pretends to have moral standards or opinions t...- Choose the option which can be substituted for the given words/sentence.
One who believes that the pursuit of pleasure is the most important goal i... Select the most appropriate option that can substitute the bold segment in the given sentence.
Oscar is the most prestigious award which is int...
Virtue flies from the heart of a soldier who fights for the sake of money .
Give a single word that substitutes for the following expression:
A man who is excessively preoccupied with his own appearance
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Many fish swimming together
Select the most appropriate option to substitute the bold segment in the given sentence. If there is no need to substitute it, select 'No substitution'...
She was by no means a person who wasted money , but somehow all the money disappeared anyway.
