Question

What are the costs of running a business other than acquisition cost and settling claims called?

a.

Acquisition Cost

b.

Administration Expense

c.

Admitted Insurance

d.

Adverse Selection

Answer: (b).Administration Expense Explanation:Administration expense refers to the costs of running a business other than acquisition cost and settling claims.

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Q. What are the costs of running a business other than acquisition cost and settling claims called?

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