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This question belongs to Commerce Insurance

Insurance

?

Which of the below is not a factor in determining life insurance premium?

A) Mortality B) Rebate C) Reserves D) Management expenses

Answer & Solution

Correct Answer: Option B

Rebate is not a factor in determining life insurance premium. Rebate is a portion of the agent's commission returned to an insured or anything else of value given an insured as an inducement to buy.

Question posted by Examveda

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