Question

What is the key factor in pricing group policies?

a.

The profit margin of the insurance company

b.

The willingness of the group owner to pay

c.

The size of the group and claims experience

d.

The policy duration

Answer: (c).The size of the group and claims experience Explanation:In group policies, pricing is influenced by factors such as the size of the group and the claims experience of the group members.

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Q. What is the key factor in pricing group policies?

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