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Question: Gross premium means Net premium plus ________.

Options:

  1.  Profit
  2.  Loss
  3.  Expense
  4.  Expense loading

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4. Expense loading

Gross premium means Net premium plus Expense loading.


More information:

Expense loading is the amount included in the premium charged by the insurance company to cover the costs of the insurance company, including taxes and transaction costs.

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