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What is the annual premium of Katy's car insurance if the base premium is 250.25 and the rating factor is 2.35 (Round to the nearest cent.)?
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What is the formula for annual premium?
Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.
Calculate the annual premium for a policy with a base premium of 109.20 when the rating factor is 1.95?
When you're doing simple base premium, just multiply the base premium byt the rating factor. So 109.20 x 1.95, which is 212.94.
A proper factor is a factor?
a proper factor is a factor.
What is a factor bug?
a factor bug is a factor
What is a composite factor?
A composite factor is a factor that is a composite number, as opposed to a prime factor which is a factor that is a prime number.
What is the formula for annual premium?
Annual Premium= Annual Base Premium * Driver-Rating Factor To get annual base premium the formula is... Annual base Premium= Liability Premium + Collision Premium + Comprehensive Premium.
What is the annual premium of Katy's car insurance if the base premium is 250.25 and the rating factor is 2.35?
$588.09 7/7/10 Pace High School
What is the annual premium if the base premium is 212.15 and the rating factor is 1.65?
$350.05
Colin has a full comprehensive premium of 32.00 and a 50.00 deductible collision premium of 120.40 His rating factor is 1.35 What is his annual premium?
205.74
Calculate the annual premium for a policy with a base premium of 109.20 when the rating factor is 1.95?
When you're doing simple base premium, just multiply the base premium byt the rating factor. So 109.20 x 1.95, which is 212.94.
What is the monthly premium for freeway insurance?
The monthly premium for freeway insurance varies greatly for this to be answered. As in other auto insurance quotes would vary on the amount if any accidents or tickets you have had. Your age would also be a factor.
What is the factor in premium computation that has to do with record keeping and statistical analysis insurance companies perform?
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Is this true the premium for terms life insurance are higher than cash value insurance premiums?
Premium for term life insurance is always lower in comparison to endowment, ulip or any other life policies.However, age factor plays a part in determining the premia for term life insurance.The reason for lower premium in term life insurance is that there is no maturity payment and payment is only made to the nominee in case of any eventuality of the life assured.
What are the lowest insurance premiums for medical when I am a healthy 24 year old male?
The amount you will pay for your premium will depend on what state you live in. Another major factor will be your family history. You can contact your local insurance agency to obtain a quote.
Car age or mileage when to consider auto liability insurance?
The age of the vehicle is not a factor in liability coverage. The number of annual miles driven is a factor. This is because the risk of an accident occurring increases in proportion to the amount that the car is driven.
What is the subject matter of insurance?
In General, SME means Subject Matter Experts. Subject Matter of Insurance is expert in insurance domain business. So you might ask what is the difference between BA - business and SME in insurance. BA will be knowing only the insurance business term but a SME will be able to say the whole business. Let me give a example in P&C insurance, BA will know for what the Bodily injury liability coverage is provided and premium charged. But a SME will be knowing how the premium is derived for Bodily injury liability coverage ie the first base premium is calculated. we also derive class factor for the insured. Class factor = primary factor + secondary factor. The factors include age,youth,married, MVR record, insurance score from CLUE report (get from third party like Choice point, FAIR...) and applicable discounts like deference driver, passive restraint(air bag). The overall discounts include multi-car or package(more than one LOB) policy. SME will be able to say the entire insurance business system but BA cannot.. I think you have a better understanding... Karthikeyan
What is meant by insurance who will take insurance?
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, , called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. Everyone will or should take out insurance in one form or another.
