Insurance Accounting

Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating) (1 Marks)

 

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Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points:

(2 Marks)

  • Name of the Company
  • Type of Insurance
  • Premiums
  • Significant features of the insurance product

Answer:

Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples. (2 Marks)

Answer:

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