Question
What is the minimum amount of unexpired risk reserve
mandated by the Executive Committee of the General Insurance Council for Other Insurance?Solution
For Other Insurance, as per the Executive Committee of the General Insurance Council, the minimum amount of unexpired risk reserve that needs to be retained is 50% of the premium. This implies that insurance companies must keep aside half of the premium they receive for other types of insurance policies to ensure they have sufficient funds to meet future claims and obligations.
what is the mean of given numbers 25, 15, 12, 23, 15,
The mean of the sample data = 60 and median = 48. Find the mode of this distribution.
Find the curved surface area of a right circular cone with a radius of 40 cm. The height of the cone is one-third of the length of a rectangle. The rect...
Pipe ‘A’ and pipe ‘B’ can fill a cistern in 20 minutes and 15 minutes respectively. Pipe ‘C’ alone can empty the cistern in 12 minutes. If a...
Present average age of A, B and C together is 44 years. Age of B is 12 Years hence from now will be 260% more than age of A, Four years ago from now whi...
If p:q = 5:7 and p + q = 408, then find the value of (q - p).
The mean of a distribution is 25 and the standard deviation is 5. What is the value of coefficient variation?
BMC Catering Services has divided its fee structure into two components: a fixed fee and a variable fee, which depends on the number of plates ordered. ...
If the number 9458k2 is divisible by 8, then find the number of possible values of 'k'.
If the median and mode of a data set are 6 and 12 respectively, then find the mean of the data.
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