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A Use the following information from Langa Life Underwriters to answer the questions in this section: Applications 100 000 proposals were received. Each proposal requires
A Use the following information from Langa Life Underwriters to answer the questions in this section: Applications 100 000 proposals were received. Each proposal requires a sum assured of R15 000. Underwriting 500 proposals were declined owing to incomplete information. Additional information is required for 200 proposals before a final decision can be made. 1 200 policies were not taken up by proposers. Underwriting expenses are estimated at R38 300. Investment income is estimated at R72 100. Claims 500 claims were received. 35 claims were not insured with Langa Life Underwriters. 150 claims could not be processed due to incomplete information. 15 claims were rejected. Actuarial A mortality factor of 10% is applicable to
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