Which of the Following Are Components of Expected Future Payments

question 1

Multiple Choice

Which of the following are components of expected future payments?

• A) Amounts in relation to unpaid reported claims
• B) Claim handling costs expected to be incurred by the insurer
• C) Claims incurred but not reported
• D) All of the above are components of expected future payments

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Definitions:

Test-Retest Procedures

A method of assessing the reliability of a test by administering the same test to the same subjects at two different points in time and comparing the scores.

Reliability

The consistency and stability of a measurement over multiple occasions or different observers.

Content Validity

The extent to which a test measures all facets of the concept it intends to assess.

Reliability

The extent to which the outcome of a measurement, calculation, or specification can be trusted to be correct.