Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

3.1 Describe the different items to be considered in the process of claims provisioning for a general insurer. 3.2 Explain and illustrate the following terms

3.1 Describe the different items to be considered in the process of claims provisioning for a general insurer. 3.2 Explain and illustrate the following terms as used in insurance; a) Annual basis of accounting b) Unearned premium c) Solvency margin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Auditing A Complete Guide

Authors: Gerardus Blokdyk

2019 Edition

0655515879, 978-0655515876

More Books

Students also viewed these Accounting questions

Question

★★★★★

If 1 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

Use the properties of logarithms to write each expression as a single logarithm. Assume that all variables are defined in such a way that the variable expressions are positive, and bases are positive...

Answered: 1 week ago

Question

★★★★★

Describe how insurers use risk pooling to pay for losses incurred by policyholders.*

Answered: 1 week ago

Question

★★★★★

The real rate of interest has been estimated to be 3 percent, and the expected long-term annual inflation rate is 7 percent. a. What is the current risk-free rate of return on 1-year Treasury bonds?...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

consider the rate of change in height of water in a vase if there is a constant flow of water into it, say, from a hose. First take a look at this simple cylindrical vase. Can you produce a simple...

Answered: 1 week ago

Question

★★★★★

A combustion unit is burning refused derived fuel (RDF) consisting of 88% organics, 7% water, and 5% inorganics (inerts) at a rate of 1000 kg h. Assume the heat value of the fuel to be 17,000 kJ/kg...

Answered: 1 week ago

Question

★★★★★

A 4-m long, 150-kg steel beam is attached to a wall with one end connected to a hinge that allows the beam to rotate up and down. The other end of the beam is held in a horizontal position with a...

Answered: 1 week ago

Question

★★★★★

DM & DL variances; journal entries Madzinga's Draperies manufactures curtains. Curtain #4571 requires the following: Direct material standard 10 square yards at $5 per yard Direct labor standard 5...

Answered: 1 week ago

Question

★★★★★

4. (a) A steel beam is 12 m long when installed at 32 C. Determine how much does its length change when it changes temperature from -23 C to 55 C. For steel = 1.1 105 C. [PHYS0030 MID-TERM...

Answered: 1 week ago

Question

★★★★★

5.2 Assuming the workstation currently has one hard drive installed, what additional hardware would be necessary to implement each of the two methods? 5.3 What additional fault tolerance method would...

Answered: 1 week ago

Question

★★★★★

Guidelines for Informative Speeches?

Answered: 1 week ago

Question

★★★★★

5. Search YouTube for a segment with a speaker giving a speech (the topic does not matter). Turn off the volume so you can only see (not hear) the speech. Analyze the physical speech delivery of the...

Answered: 1 week ago

Question

★★★★★

4. When practicing a speech, pay attention to your gestures and body movements. Practice once using movements that you feel are appropriate and comfortable; then practice in front of a friend, and...

Answered: 1 week ago

Previous Question Next Question