[Solved] Select the True Statements.

Q.	Select the True Statements.
A.	The Typical Loading to a Net Premium, would have 3 Parts: 1) A Constant Amount for Premiums, 2) A Constant Amount for Each ‘1,000 Sum- Assured’, and 3) A Constant Amount per Policy.
B.	The Typical Loading to a Net Premium, would have 3 Parts: 1) A Percentage of Premiums, 2) A Constant Amount for Each ‘1,000 Sum- Assured’, and 3) A Constant Amount per Policy.
C.	The Typical Loading to a Net Premium, would have 3 Parts: 1) A Percentage of Premiums, 2) A Constant Percentage for Each ‘1,000 Sum-Assured’, and 3) A Constant Amount per Policy.
D.	The Typical Loading to a Net Premium, would have 3 Parts: 1) A Percentage of Premiums, 2) A Constant Amount for Each ‘1,000 Sum- Assured’, and 3) A Percentage Amount per Policy.
Answer» B. The Typical Loading to a Net Premium, would have 3 Parts: 1) A Percentage of Premiums, 2) A Constant Amount for Each ‘1,000 Sum- Assured’, and 3) A Constant Amount per Policy.

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Insurance Exam (LIFE)

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