T
TheProtea
Member
Hi
Can someone clarify the meaning of "charges" that the core reading refers to throughout ch16,
For example on pg3 the third last paragraph:
"The premium or charges for the model point can then be set so as to produce the profit required by the company."
Does charges (here) mean the amounts loaded by the insurer in order to cover its expenses, or the charges as in the premuims charged?
Thanks
Can someone clarify the meaning of "charges" that the core reading refers to throughout ch16,
For example on pg3 the third last paragraph:
"The premium or charges for the model point can then be set so as to produce the profit required by the company."
Does charges (here) mean the amounts loaded by the insurer in order to cover its expenses, or the charges as in the premuims charged?
Thanks