Question

What is the Mortality Charge?

a.

The cost of life insurance cover

b.

The charge levied on policy administration

c.

The charge levied on premium allocation

d.

The charge levied on policy cancellation

Posted under IC 14 Regulations of Insurance Business

Answer: (a).The cost of life insurance cover Explanation:The Mortality Charge is the cost of life insurance cover. It is exclusive of any expense loadings and may be levied either by cancellation of units or by debiting the premium.

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