administrative expenses
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
When an insured has availed claim specially in medical insurance, many insurers charge extra premia technically called as loading with the last year's premia amount at the time of renewal. The loading percentage varies according to the amount of claim received by the insured during the preceding year.
The auto insurance is an example of the Merit rating insurance.
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is insurance premiums for fire insurance an example of variable cost?
BOD loading rate is the amount of organic matter added in water or waste water for example sewage water
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Term Insurance
contact of insurance is an example of indemnity contracts
An example for an insurance company rating includes preferred plus, preferred, select, and standard. These classification apply to health insurance. The class is assigned based on the health of the person seeking insurance.
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