Question

What factors determine the amount of an insurance premium?

a.

Age and health

b.

Area of residence

c.

All of the above

d.

None of the above

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (c).All of the above Explanation:An insurance premium is determined by factors such as age, health, and area of residence.

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Q. What factors determine the amount of an insurance premium?
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