GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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15:09 May 9, 2009 |
Serbo-Croat to English translations [PRO] Bus/Financial - Insurance / motor vehicle insurance | |||||
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| Selected response from: Milena Chkripeska North Macedonia Local time: 07:22 | ||||
Grading comment
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Summary of answers provided | ||||
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5 | expense loading |
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3 | overheads |
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overheads Explanation: http://en.wikipedia.org/wiki/Overhead_(business) |
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expense loading Explanation: Expense loading is the amount added to the basic premium (expectation of loss) to cover an insurance company's expenses. These expenses include agent commissions, premium taxes, costs of putting a policy on the books, marketing support costs, and contingencies. Current Assumptions products, in order to be competitive, must emphasize low expense loadings. Companies that sell these products make special efforts to control expenses. (http://www.answers.com/topic/expense-loading) http://www.carinsurancesa.co.za/glossary/expense-loading.htm... http://books.google.co.uk/books?id=z-Aatel3OdIC&pg=PA185&lpg... http://www.cbs.state.or.us/imd/report_delivery/fig7textfull.... Reference: http://www.allbusiness.com/glossaries/expense-loading/496051... Reference: http://www.ahtins.com/glossary/eee/e064.htm |
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