Question

What will be taken into account for the Underwriting Balance Ratio according to the guidelines?

a.

Premium deficiency only

b.

Expenses under the profit and loss account only

c.

Both premium deficiency and expenses under the profit and loss account

d.

Neither premium deficiency nor expenses

Posted under IC 89 Management Accounting

Answer: (c).Both premium deficiency and expenses under the profit and loss account Explanation:The guidelines state that for the Underwriting Balance Ratio, premium deficiency and expenses under the profit and loss account will be taken into account.

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Q. What will be taken into account for the Underwriting Balance Ratio according to the guidelines?
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