Question

What is the formula for determining commission payments in insurance?

a.

C = 0.01 r Px + (Dx+1 / Dx) x 0.01 r1 Px äx+1:n-1ך

b.

C = 0.01 r Px

c.

C = 0.01 r Ax + (Dx+1 / Dx) x 0.01 r1 Ax äx+1:n-1ך

d.

C = 0.01 r Ax

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (a).C = 0.01 r Px + (Dx+1 / Dx) x 0.01 r1 Px äx+1:n-1ך Explanation:The formula for determining commission payments in insurance is C = 0.01 r Px + (Dx+1 / Dx) x 0.01 r1 Px äx+1:n-1ך.

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