Category: IC47A-1 CASUALTY ACTUARIAL SCIENCE PART 1 – 08

Que. 1 : Q1) Insurance company expenses associated with the settlement of claims, as distinguished from the marketing, investment or general administrative operations, are referred to as ___________.    1.  a) Expenses    2.  b) Loss adjustment expenses    3.  c) Allocated loss adjustment expenses    4.  d) Unallocated loss adjustment expenses Que. 2 : Q2) Which of the following formula is correct?    1.  a) T […]