Page 315 - ic92 actuarial
P. 315
Foundations of Casualty Actuarial Science
October, 2010
Multiple choice :
(All Multiple choice questions carry 2 marks each).
1. Given that :
Pure premium = Rs.50.00
Fixed expenses per exposure = Rs.13.75
Variable expense factor = 10%
Profit and contingency factor = 5%
The rate per unit exposure will be :
A. Rs.65.00 B. Rs.70.00
C. Rs.75.00 D. Rs.80.00
R= P+F
1-V-Q
= 50 + 13.75
1 - .10 - .05
= 63.75 = 75
.85
Ans. C
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