Adequacy
The total loading from all policies must be sufficient to cover the company's total operating expenses. It should also provide a margin of safety and finally it should contribute to the profits or surplus of the company.
Equity
Expenses and safety margins etc should be equitably apportioned among various kinds of policies, depending on type of plan, age and term etc
Competitiveness
The resulting gross premiums should enable the company to improve its competitive position
The total loading from all policies must be sufficient to cover the company's total operating expenses. It should also provide a margin of safety and finally it should contribute to the profits or surplus of the company.
Equity
Expenses and safety margins etc should be equitably apportioned among various kinds of policies, depending on type of plan, age and term etc
Competitiveness
The resulting gross premiums should enable the company to improve its competitive position
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