Question

What are office premiums in insurance?

a.

Premiums paid by policyholders for office expenses

b.

Premiums calculated by adding present value of benefits and present value of expenses

c.

Premiums paid for claims settlement

d.

Premiums for insurance products sold in the office

Answer: (b).Premiums calculated by adding present value of benefits and present value of expenses Explanation:Office premiums are premiums calculated by adding the present value of benefits and the present value of expenses in insurance calculations.

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Q. What are office premiums in insurance?

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