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Which of the following factors is not considered when an insurance rate or premium is calculated?
A) The cost of the actual losses
B) The cost of the insurance salesman and other company expenses
C) Investment earnings on prepaid premiums
D) The decision by the U.S. Supreme Court in 1943
Answer: D
The above question Which of the following factors is not considered when an insurance rate or premium is calculated?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
