Question: Please help with this question. Actuaries use many information sources and factors to give guidance to management and regulators about the appropriate premiums to charge
Please help with this question.

Actuaries use many information sources and factors to give guidance to management and regulators about the appropriate premiums to charge for insurance coverage. Which of the following factors would be used by actuaries to set premiums for new life insurance contracts? Factor I.Mortality tables. Life insurance reinsurance Factor Il. costs. Factor II Interest rates on fixed income securities. Commission rates paid to Factor IV. agents on life insurance sales. O Factors I and Il only. O Factors and IV only. O All Factors above. O Factors II, Ill and IV only. Factors II and IV only. Actuaries use many information sources and factors to give guidance to management and regulators about the appropriate premiums to charge for insurance coverage. Which of the following factors would be used by actuaries to set premiums for new life insurance contracts? Factor I.Mortality tables. Life insurance reinsurance Factor Il. costs. Factor II Interest rates on fixed income securities. Commission rates paid to Factor IV. agents on life insurance sales. O Factors I and Il only. O Factors and IV only. O All Factors above. O Factors II, Ill and IV only. Factors II and IV only
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
