Q. Which of the following is NOT typically covered under administrative expenses in insurance?

View solution

Q. What is the primary consideration for a new insurer in estimating expenses while pricing insurance products?

View solution

Q. What types of expenses are typically related to premium payments in insurance?

View solution

Q. Which of the following is NOT a type of premium payment method?

View solution

Q. What are examples of initial fixed expenses incurred by insurers?

View solution

Q. Why are insurers often reluctant to sell small premium policies?

View solution

Q. How are underwriting expenses typically expressed?

View solution

Q. When do insurers typically insist on medical examination and reports for a life assured?

View solution

Q. What is the purpose of medical expenses borne by insurers?

View solution

Q. How are medical expenses typically determined by insurers?

View solution

Q. What do claim expenses for insurers typically include?

View solution

Q. In what situations are claims considered not genuine?

View solution

Q. Why do insurers exercise caution in designing various documents?

View solution

Q. What does the equation E = FE + RE represent in the context of insurance expenses?

View solution

Q. How can the cost of benefit be calculated in insurance terms?

View solution

Q. Why are insurers often reluctant to sell smaller premium policies?

View solution

Q. What factors do insurers consider when determining the minimum and optimum size of a policy?

View solution

Q. How does the design of an insurance product affect the expected volume of business?

View solution

Q. What impact does the size of population eligible to buy have on insurance sales?

View solution

Q. How does an insurer's past track record in providing services impact sales?

View solution