The Gross Premium Is Defined as

question 23

Multiple Choice

The gross premium is defined as

• A)the net premium plus the loading allowance.
• B)the terminal reserve plus the commission.
• C)the net premium minus expenses.
• D)the sum of all acquisition expenses.

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Definitions:

Adaptation

A process of change by which an individual becomes better suited to their environment or circumstances, often through learning or physiological change.

Vicarious Trauma Prevention

Strategies aimed at helping professionals avoid the emotional and psychological impact of exposure to the traumatic experiences of others they help.

Peer Supervision

A professional development process where colleagues of similar professional status provide each other with support, guidance, and feedback.

Training And Education

The process of acquiring knowledge, skills, and competencies through the provision of instruction or practice.