what is the annual insurance loss ratio formula?

Q: equired How much is the total current liabilities and non-current liabilities?

A: The current liabilities are due and payable within one year and non- current liabilities are due and…

Q: Insurance of last year in adjustment where to adjust that insurance?

A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…

Q: What is Simple Annuity? (payment interval, and interest period, time of payment, duration)

A: Given Simple annuity Payment interval Interest period Time of payment  Duration…

Q: What is equivalent annual annuity (EAA) method?

A: Equivalent annual annuity (EAA): Equivalent annual annuity measures the annual payments a scheme…

Q: What is the total amount of unamortized premium discount after its fourth interest payment? or

A: Effective interest rate is the interest rate which is actually interest rate which is applied on the…

Q: What is the amount of the required annual deposit?

A: Here we have been give the following information              Funds required at the end of January…

Q: what is the difference between annuity and annuity due?

A: An annuity is a series of cash flows wherein an equal amount is paid every period which can be…

Q: What is the difference between the present value of an annuity and the futurevalue of an annuity?

A: Annuity refers to a series of payments made at regular interval of time.

Q: Which of the following would be considered a long-term liability? a. interest payable b.…

A: Analysis of options a. interest payable Since interest will be paid within 12 months or normal cycle…

Q: Look at Note 31.2, “Retirement Benefits.” AF incorporates estimates regarding staffturnover, life…

A:

Q: What is life insurance company?

A: Life insurance: Life insurance is an agreement among an insurance corporation (insurer) and an…

Q: How much life insurance does an individual need?

A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…

Q: Difference between current and long term liabilities?

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: What distinguishes current liabilities from long-term liabilities?

A: Liabilities Liabilities are referred to as the obligations of the business towards the creditors for…

Q: What is General Annuity? (payment interval and interest period, time of payment, duration)

A: An annuity is a contract between you and an insurance company in which you make a lump-sum payment…

Q: What is the implied monthly discount rate for the rent?

A: Information Provided: Lease payments = $1400 Present value = $16,086 Months = 12 Reg's Earnings =…

Q: Which of the following earns a fixed rate of return? Whole life insurance. Term-life insurance.…

A: There are two main types of life insurance:- Term life insurance and whole life insurance. Term life…

Q: Define annuity due

A: Annuity due is an arrangement of payments that are equal as well these payments are paid or received…

Q: What is an annual report?

A: The accounting is a process to record the transactions of the business, and prepare the financial…

Q: What’s the difference between an ordinary annuity and an annuity due?

A: Annuity is the fixed sum paid on annual basis. In other words, annuity is the series of payment…

Q: A term life insurance offers both insurance coverage and a savings feature. The premiums associated…

A: Term life insurance is type of insurance that guarantees the death benefit, if the person dies…

Q: Which of the following is a demographic assumption for purposes of applying PAS 19? A. Future…

A: The acronym PAS stands for Philippines Accounting Standard. PAS 10 applies to all the employees of…

Q: Briefly explain the following characteristics of long-term care insurance. Protection against…

A: In long-term care insurance plans there are many approaches to obtain inflation insurance cover. The…

Q: What is the liability for the outstanding premiums at year-end? *

A: The amount that an organization owes is referred to as a liability of the organization. All the…

Q: what is life insurance

A: Life insurance in the insurance of risk done by the policy holder that pays the amount to the policy…

Q: The price per unit of insurance is called the O premium. loss adjustment expense. O rate. O loss…

A: Premium is the amount paid to an insurance company for providing risk coverage. Loss adjustment…

Q: Question: What type of Annuity is indicated in the problem above?

A: Annuity Due: It represents the annuity where the periodic payments are made at the beginning of…

Q: Describe the Investments in Life Insurance Policies.

A: Life Insurance policies are to provide financial support to the beneficiaries and dependents after…

Q: When would the cost of credit life insurance be included in the finance charge and APR calculations…

A: Introduction: The cost of a credit insurance premium depends on different aspects such as the size…

Q: Differentiate annuity dues and deferred annuities.

A: An annuity can be divided into two types: Annuity due: Unlike a regular annuity, annuity due…

Q: What are the various types of long term liabilities? Name them.

A: Liabilities: The claims creditors have over assets or resources of a company are referred to as…

Q: What is the period of deferment of a deferred annuity?

A: Solution- Deferred Annuity-                 A deferred regular payment is a contract with an…

Q: How is the times-interest-earned ratio calculated, and what does it evaluate?

A:

Q: What is the difference between an ordinary annuity and an annuity due?

A: Annuity is the regular series of deposit of money. It is paid in regular intervals by a person to a…

Q: elationship between an ordinary annuity and an annuity due. Com

A: The future value is computed using the following…

Q: The price per unit of insurance is called the O premium. O loss adjustment expense. O rate. O loss…

A: Premium is the amount the insured needs to pay the insurer for covering any losses that the insured…

Q: What amount should be reported as premium expense for the current year?

A: Premium (Gift) means the product given free of cost to the customer on fulfilling the certain…

Q: How is the present value of an annuity determined?

A: Present value:   Present value is the value of future cash flow today. Present value is the…

Q: Which are the items that are likely to be included in the estimate of monthly housing expense?

A: Monthly housing expenses refer to expenses that would be incurred every month as a part of managing…

Q: What is the interest rate the borrower will pay after the first rate adjustment?

A: Data given: Start rate = 3.50% Maximum cap for the first year=3% MTA index at the end of the first…

Q: Give a numerical example of: Current liabilities. Long-term liabilities

A: Introduction: Current liability: These also called as short term liabilities. Liabilities which are…

Q: Define an annuity due Payment.

A: Time value of money: Time value of money refers to the concept that the value of money available at…

Q: What is the Cumulative interest payment?

A: Cumulative interest payment is the sum of all previous interest payments that are made for an…

Types of Insurance Contract

Insurance is a contract wherein an individual or entity gets financial protection from the insurance company for any damages or losses incurred. The individual or entity is called the insured, whereas the insurance company is called the insurer. The insured and the insurer enter a legal contract for a fixed term called the insurance term, and the contract is called an insurance policy.