Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. premium auditing identify aspects of exposure base

Premium Auditing Identify aspects of exposure bases used to develop premiums. A. How can exposure bases be...

80.2K

Verified Solution

Question

Accounting

Premium Auditing

Identify aspects of exposure bases used to develop premiums.

A. How can exposure bases be sensitive to inflation?

B. What makes an exposure base easy to determine?

C. Why are some exposure bases difficult to manipulate?

Answer & Explanation Solved by verified expert
4.5 Ratings (898 Votes)
Answer to Part A Inflation is one of the factor affecting the Exposure Base Exposure base is the basis to which the rate is applied to determine the amount of premium for the particular cover The exposure is directly proportional to the Inflation rate prevailing the economy That means the inflation contributes    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Marcelino Co.'s March 31 inventory of raw materials is $90,000.Raw materials purchases in April...

Accounting
Q

How is terrestrial/freshwater/marine biodiversity distributed across the globe?

Biology
Q

In a population the offspring produced tend to be 60% female and 40% male. This...

Biology
Q

4 points Match the following structure to the correct structure Ganglion neurons 53 Endodermal epithelial...

Biology
Q

3 Create the relative frequency of row table then make an observation about the frequencies...

Statistics
Q

3. Explain why profit before tax is normally not equal to the cash...

Accounting
Q

Proctoring Enable Exam 2 SNE 22 The company's ABC implementation team also concluded that $50.000...

Accounting
Q

how do you solve for the 6 payments? Exercise 10-2...

Accounting
Q

Problem 7-5A (Algo) Determine depreciation under three methods (LO7-4) University Car Wash purchased new soap...

Accounting
Q

blossom company changed in 2025 from double-declining balance to straight-line. depreciaition prior to 2025 under...

Accounting
Q

The following are accounts balance (in thousands) for Malak Company. Calculate Net Income after-tax (show...

Finance
Q

Please check my work 56. Renee operates a proprietorship selling collectibles...

Accounting