Question

In insurance companies, what expenses are generally included in the term 'Expenses'?

a.

Only Claim Expenses

b.

Only Acquisition Cost or Commission Expense

c.

Only Management or Administrative Expense

d.

Claim Expenses, Acquisition Cost or Commission Expense, and Management or Administrative Expense

Answer: (d).Claim Expenses, Acquisition Cost or Commission Expense, and Management or Administrative Expense Explanation:In insurance companies, the term 'Expenses' generally includes Claim Expenses, Acquisition Cost or Commission Expense, and Management or Administrative Expense.

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Q. In insurance companies, what expenses are generally included in the term 'Expenses'?

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