إفادة محاسب _ Accountant benefit

IN the Simple probability is the numerator equal the total number of equally likely possible events

The calculation of life insurance policies premium differ in its concepts from those of general insurance

measurement of risk lies at the foundation of any system of insurance and is made possible through the application of the laws of probability.

Simple probability, or the probability or chance that an event will occur, may be expressed by a fraction, which may take a value from 0 to 1

Simple probability, or the chance that two independent events will occur

Un certainty may be expressed by unit or 1

The sum of the probabilities of all simple events of (S) equals one.

The calculation of life insurance policies premium similar in its concepts from those of general insurance

🔥💯النوت دي في غايه الاهميه صح وغلط 🔥 Notes : Administrative expenses depend on the policy period But Commission agent Depend on number of premiums.

🔥مهم برضو😂 The stock company issuing nonparticipating policies under the stress of competition is interested in obtaining a gross premium scale as low as possible consistent with safety and conservative business judgment

The principal of indemnity states that person may not collect more then the actual loss in the event of damage caused by an insured peril

🔥يااض 🔥اقسم بالله 💯مهم💯 A life insurance company whether stock or mutual, must have a surplus fund on hand to help tide over any unfavorable fluctuation in the business

🔥هااااام💯جداااا🔥 A mutual company is a cooperative association of policy holders established for the purpose of effecting insurance on their own lives.

🔥هااااااام💯هااااااام The policy-holders are the owners of the company.

🌮مهم A stock company is one which is organized for the purpose of earning profits for the stockholders who provide the capital of the organization and take the risks of the business

Endowment insurance provides for the payment of a benefit in event of the death of the insured within certain provides, called the endowment period,

A term insurance may be defined as the benefit consisting of a fixed sum to be paid to the beneficiary at the death of the insured,

These annual premiums are payable at the beginning of each policy year

Policies with longer endowment periods will have lower premiums