The unit of measurement used in property and casualty insurance pricing is called the

A) unit rate.
B) premium.
C) exposure unit.
D) experience unit.

Answer: C

Business

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A company has an operating income of $20 million and total fixed expenses of $10 million. 5 million units are produced at a margin of $6 per unit

What should the margin per unit be if the company needs to achieve a break-even volume for the same number of units? A) $1 per unit B) $2 per unit C) $3 per unit D) $4 per unit E) $5 per unit

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Both true positive and true negative assessment outcomes are desirable

Indicate whether the statement is true or false

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