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Takaful company has the following information: Earned contributions SR 500 Net claim incurred SR 100 Average assets SR 1500 Retakaful fees SR 50 Net income
Takaful company has the following information:
- Earned contributions SR 500
- Net claim incurred SR 100
- Average assets SR 1500
- Retakaful fees SR 50
- Net income SR 100
- Gross contributions SR 600
- Net investment income SR 70
- Average investment accounts SR 300
- Short-term liabilities SR
- Claims payable SR 100.
What is claim ratio?
| a. | 30% | |
| b. | 20% | |
| c. | 50% | |
| d. | 40% |
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
