0
Insurance carriers use credit history reports, and your credit score to calculate the premiums they charge. This type of insurance scoring is a standard practice among the nation's largest insurers.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
How the probability and statistics is apply in insurance?
They are used to understand how to set insurance premiums. Take, for example, car insurance. The probability of a new driver getting in an accident is higher than an experienced driver. The probability of a male driver getting in an accident is higher than an female driver (in general). The probability of a person who has had many claims filing another claim is higher than someone who has never filed a claim. All these data guide the insurance industry to charge higher premiums to drivers who are new, male or have filed claims in the past.
Calculate the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
$39.59
What are the factors on which hall coefficient depends?
It is a characteristic of the material from which the conductor is made, and its value depends on the type, number, and properties of the charge carriers that constitute the current. so it will remain constant for a particular material.....
How do you add tax to a price?
If the tax is 10 percent and the price of the item is $1.00 then you simply calculate 10% of 1.0. = 10 cents and add it to the original price.You would charge the person $1.10 (including tax).The simple way to calculate the final price mathematically is to express the percent as a decimal and add 1 to it. Then multiply the price by this number.I.e If the tax is 5.6% you would express this a 0.056 + 1 = 1.056 and multiple the pre tax price by this number.
Why is the charge of boron b plus?
This just means it has a charge of 1+. The Boron ion can only have a charge of 1+.
Why are musicians banned from car insurance?
They are not. Though many insurance companies charge them higher premiums.
If you got a 12 hour license suspension will your insurance go up?
Any suspended license charge, regardless of the time limit will increase insurance premiums.
Do health insurance companies charge more money to people with heart issues?
When somebody has an existing medical condition that is serious, such as cancer or heart disease, then health insurance companies will generally charge more for premiums.
Where can one buy motor insurance for a student?
All major insurance carriers are able to add a child or young adult to an insurance policy so long as they are enrolled in a school. Some carriers will charge lower prices if the student maintains a minimal GPA.
Do low deductible insurance plans generally cost more than high deductible insurance plans?
Yes. That is how the insurance company makes money. They either charge low premiums and you get higher deductibles and out of pocket expenses, or charge more an give you lower deductibles and out of pocket expenses.
How is the initial home insurance premium paid?
These days it is typically paid by cash, check or charge.
What is an insurance quote supposed to be?
An insurance quote will tell you what the company will charge to insure you. Usually the give you a six month premium. Some insurance companies will tell you the premiums of their competitors as well. Be sure to shop around for the best rate.
Will insurance premiums increase while a DWI charge is pending?
The shouldn't - while pending - If the judgment is rendered that a person was DWI, insurance rate will rise. Don't drink and drive - the life you save might be your own.
What current consists of imaginary carriers of positive charge?
Conventional current consists of imaginary carriers of positive charge.
Does the insurance company charge you fees for surrendering a term life insurance policy?
No. Surrender charges only apply when surrendering a life insurance policy which includes cash value accumulation, and even then only during the surrender charge period. Term life insurance policies have no cash value and can be canceled at any time by simply not paying additional premiums.
What type of life insurance companie pay dividends?
Rip-off companies. If they pay dividends, it means they are returning excess premiums you paid. So they charge you bunch of money at first and invest it for themselves. Then return the excess premiums back to you at the end of the year.
What is minority charge carrier?
In semiconductor devices there are two types of charge carriers: electrons and holes. In N-type doped semiconductor the majority charge carriers are electrons and the minority charge carriers are holes. In P-type doped semiconductor the majority charge carriers are holes and the minority charge carriers are electrons.Some kinds of semiconductor devices operate using minority charge carriers in part(s) of their structure. The common bipolar junction transistor is one of these, they are sensitive to a phenomenon called thermal runaway because additional minority carriers are produced as temperature increases. (field effect transistors however operate using only majority carriers and are thus not sensitive to thermal runaway)
