Select the True Statements.
A) The Typical Loading to a Net Premium, would have 3 Parts: 1) A Constant Amount for Premiums,2) A Constant Amount for Each '1,000 Sum-Assured', and 3) A Constant Amount per Policy.
B) The Typical Loading to a Net Premium, would have 3 Parts:1) A Percentage of Premiums,2) A Constant Amount for Each '1,000 Sum-Assured', and 3) A Constant Amount per Policy.
C) The Typical Loading to a Net Premium, would have 3 Parts:1) A Percentage of Premiums,2) A Constant Percentage for Each '1,000 Sum-Assured',and 3) A Constant Amount per Policy.
D) The Typical Loading to a Net Premium, would have 3 Parts:1) A Percentage of Premiums,2) A Constant Amount for Each '1,000 Sum-Assured', and 3) A Percentage Amount per Policy.
Correct Answer:
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