As an Alternative to Coinsurance,rate Discounts Can Be Given as the Amount

question 33

Multiple Choice

As an alternative to coinsurance,rate discounts can be given as the amount of insurance to value increases.This alternative is called

• A)graded rates.
• B)agreed value coverage.
• C)retrospective rating.
• D)manual rating.

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Definitions:

Total Revenue

The total income generated by a company from its business activities, typically from the sale of goods and services before any expenses are deducted.

Quantity Sold

The total number of units of a product sold during a specific period, often used to measure business performance.

Target Return

A financial goal set for the profit or outcome from an investment or business activity.

Average Invested Capital

The mean amount of money invested in a company or project over a certain period, used to compute return on investment.