by evan » Sat Jul 08, 2006 06:48 am
Loss Costs
The portion of insurance premium that is used provide coverage for claims. The rates as determined by the insurance companies are done by estimating the future costs and adding the provision for expenses, profit as well as contingencies.
The portion of insurance premium that is used provide coverage for claims. The rates as determined by the insurance companies are done by estimating the future costs and adding the provision for expenses, profit as well as contingencies.
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