Which of the Following Is the Correct Calculation of the Insurance

question 18

Multiple Choice

Which of the following is the correct calculation of the insurance premium?

• A) Insured Loss Claims + Loading Expenses + Fair Rate of Return - Investment Income
• B) Insured Loss Claims + Loading Expenses + Investment Income - Fair Rate of Return
• C) Insured Loss Claims - Loading Expenses - Investment Income + Fair Rate of Return
• D) Insured Loss Claims - Loading Expenses + Fair Rate of Return + Investment Income

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Definitions:

Budget Woes

Financial challenges or difficulties pertaining to managing a budget or expenditure.

Intentional Repetition

The deliberate use of the same word, phrase, or structure for emphasis or artistic effect in communication.

Audience's Ability

The collective skills, knowledge, or capability of a group of people receiving a specific message or content.

Audience Analysis

The process of examining and understanding the characteristics, expectations, needs, and preferences of the intended recipients of a message or presentation.