Question
a.
Claim expenses are not factored into the determination of premiums
b.
Claim expenses are added directly to the premium amount
c.
Claim expenses are equated with the desired profit present value and included in the premium calculation
d.
Claim expenses are subtracted from the premium amount
Posted under IC 92 Actuarial Aspects of Product Development
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Q. How are claim expenses factored into the determination of premiums?
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