Rmin 4000 ragin Study guides, Class notes & Summaries

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RMIN 4000 Test 2 UGA Marc Ragin with Complete Solutions!
  • RMIN 4000 Test 2 UGA Marc Ragin with Complete Solutions!

  • Exam (elaborations) • 3 pages • 2024
  • Available in package deal
  • Gross Premium - ANSWER-Total premium charged per unit of coverage Risk Charge - ANSWER-Estimation of risk of the insurer. 3* SD/ per person Admin Costs - ANSWER-Money spent in daily operations of company. Ex. Salaries, overhead, marketing Expected Loss - ANSWER-Expected frequency * expected severity Fortuitous - ANSWER-Random, accidental, no control over E(F)/E(S) Underwriting - ANSWER-process of classifying a risk Risk based pricing - ANSWER-Higher the risk you are, the more t...
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RMIN 4000 Test 2 UGA Marc Ragin with Complete Solutions!!
  • RMIN 4000 Test 2 UGA Marc Ragin with Complete Solutions!!

  • Exam (elaborations) • 3 pages • 2024
  • Gross Premium - ANSWER-Total premium charged per unit of coverage Risk Charge - ANSWER-Estimation of risk of the insurer. 3* SD/ per person Admin Costs - ANSWER-Money spent in daily operations of company. Ex. Salaries, overhead, marketing Expected Loss - ANSWER-Expected frequency * expected severity Fortuitous - ANSWER-Random, accidental, no control over E(F)/E(S) Underwriting - ANSWER-process of classifying a risk Risk based pricing - ANSWER-Higher the risk you are, the more t...
    (0)
  • $9.99
  • + learn more