Multiple Choice
XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance.What pure premium should XYZ charge for each property insured?
A) $69.99
B) $166.67
C) $350.00
D) $500.00
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following statements about retrospective
Q2: In schedule rating,each building is individually evaluated
Q3: A loss reserve established for each individual
Q4: An Econodeath Insurance Company actuary calculated the
Q5: Which of the following is an expense
Q7: Under one method of estimating a loss
Q8: A property and liability insurance company's loss
Q9: All of the following statements about class
Q10: MedProf Insurance markets medical malpractice insurance.The company's
Q11: Which of the following items would appear