Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The part of the premium that exceeds the expected claims is called the actuarially fair risk fair premium pure premium premium loading

The part of the premium that exceeds the expected claims is called the

actuarially fair risk

fair premium

pure premium

premium loading

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Cornett

8th Edition

1264098723, 978-1264098729

More Books

Students also viewed these Finance questions

Question

Identify reasons for choosing qualitative methods.

Answered: 1 week ago

Question

Appreciate why organizational managers prefer to remain union-free

Answered: 1 week ago