Question

How are initial expenses, renewal expenses, and termination expenses further split according to?

a.

The number of new business or inforce policies

b.

The amount of new business or inforce premium

c.

The amount of new business or inforce sum assured

d.

All of the above

Answer: (d).All of the above Explanation:Initial expenses, renewal expenses, and termination expenses are further split according to the number of new business or inforce policies, the amount of new business or inforce premium, and the amount of new business or inforce sum assured.

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Q. How are initial expenses, renewal expenses, and termination expenses further split according to?

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