Exam (elaborations)
RMIN 4000 Test 2 UGA Marc Ragin with Complete Solutions!!
- Course
- Institution
Gross Premium - ANSWER-Total premium charged per unit of coverage Risk Charge - ANSWER-Estimation of risk of the insurer. 3* SD/ per person Admin Costs - ANSWER-Money spent in daily operations of company. Ex. Salaries, overhead, marketing Expected Loss - ANSWER-Expected frequency * expecte...
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