0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does insurance monthly premium means?
This is the amount of premium that a policyholder pays when he/she has chosen to pay it on a monthly basis. The annual premium is divided by twelve then any billing charge or service fee is added to the amount to get the monthly premium.
What are equitable premiums?
A premium that is justified basis the amount of risk that an insured brings on to the insurer.
What is general liab code 56911 and what is premium basis?
For light metal, thin gauge, workshops. Mailboxes, that kind of thing...basis is fairly cheap.
What is actuarial basis?
An actuarial basis is a calculated risk based on standard tables. For example, a life insurance premium is calculated on an actuarial basis depending on the persons age, sex, etc and their life expectancy.
How do you figure the amount of premiums paid into life insurance policy?
The premium is calculated on the basis of many factors. The insurance company will calculate the premium and inform you before you buy the policy.
What does net of commission mean?
"Net of commission" basis is where the quoted premium is reduced by an amount proposed to be the insurance agent's (or insurance broker's) commission.
What is auto insurance premium?
An auto insurance premium, like any insurance premium, is the amount of money that is paid on a periodic basis to an insurer in consideration for which the insurer accepts financial liability for a designated range of risks. Typically, the duration, terms and conditions of the risk transfer are enumerated in a written insurance policy, as is the amount of the premium to be paid and the frequency of payment. Try this site where you can get quotes from different companies usinsurancequote.org
T-bills 5.5 current interest rate premiums Inflation premium equals 3.25 Liquidity premium 0.6 MRP equals 1.8 DRP equals 2.15 On the basis of these data what is the real risk-free rate of return?
2.25
What is general liability class code 91583?
Contractors - subcontracted work - in connection with building construction, reconstruction, repair or erection - one or two family dwellings
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.
Are you required to pay for health insurance while on short term disability?
That depends upon whether you are covered under FMLA, and the percentage of premium paid by your employer. If you are covered under FMLA, then your employer is required to continue coverage on the same basis as before your leave. For example if your employer was paying half the premium and you were paying half the premium, this arrangement would continue while you are on leave. You would be responsible for continuing these payments. If your employer pays 100% of the premium you would have no payments to make. If you are not covered under FMLA your employer is free to ask you to pay 100% of the premium.
What is merit rating and what its uses and methods?
1. Insurance: Computing premium on a policy (such as for auto insurance) on the basis of an insured's loss record. 2. HR: System of rating employees on the basis of factorssuch as absenteeism, adaptability, attitude, health, length of service, punctuality, and safety record
