Multiple Choice
Which of the following is the correct calculation of the insurance premium?
A) Insured Loss Claims + Loading Expenses + Fair Rate of Return - Investment Income
B) Insured Loss Claims + Loading Expenses + Investment Income - Fair Rate of Return
C) Insured Loss Claims - Loading Expenses - Investment Income + Fair Rate of Return
D) Insured Loss Claims - Loading Expenses + Fair Rate of Return + Investment Income
Correct Answer:
Verified
Correct Answer:
Verified
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