Which of the following statements is incorrect, with regards to setting the gross premium, to purchase life insurance? Question 31 options: Mortality cost is the probability of death in a year multiplied by the amount at risk to the insurer Insurance companies are not allowed to consider the effect of gender on mortality rates when setting insurance premiums Operating margins is the amount that covers; commissions, underwriting and other costs and the margin of profit Investment income is earned from invested funds resulting from the premiums