Discuss the building blocks of an insurance premium
What will be an ideal response?
The insurance premium consists of the insured loss claims by the insured plus the loading expenses, which are the overhead costs incurred by the insurance company plus a fair rate of return for the insurance company minus the investment income generated by the insurance company.
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Which of the following is true of shareholders?
A) They can select the board of directors who will set corporate policy. B) They have direct control over the corporation's operation. C) They do not have any right to vote. D) They are not the owners of the corporation.
Conducting ________ research involves collecting data firsthand and analyzing it while ________ research involves gathering data that has already been complied and is available
A) primary; secondary B) secondary; primary C) primary; industry D) product; secondary