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In which premium income less return premiums arising from policies issued by the entity collecting the premiums and acting as the primary insurance carrier?
Suggested Answer: C
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38 comments · newest first
AN
Angella
10 months ago
Just to clarify, return premiums are deducted from the total.
MA
Marguerita
10 months ago
Totally agree, it’s definitely direct premium!
SH
Sheldon
10 months ago
Wait, is this really how it’s defined? Sounds off.
ST
Steffanie
10 months ago
I thought reinsurance premium was the answer.
DE
Delsie
11 months ago
Direct premium is the right term here.
LU
Luis
11 months ago
I thought "entity premium" was a term we covered, but it doesn't seem to fit the definition given in the question.
GA
Gabriele
11 months ago
I feel like "reinsurance premium" is related to premiums paid to other insurers, but I'm not confident about that.
LE
Lenny
11 months ago
I remember practicing a similar question where we had to differentiate between direct and indirect premiums. I think direct premium might be the right choice here.
AR
Ariel
11 months ago
I think this question is about the types of premiums, but I'm not entirely sure what "indirect" means in this context.
LE
Leanna
12 months ago
I'm confused by the wording of this question. Can someone explain what they mean by "premium income less return premiums"?
SA
Salena
12 months ago
Okay, let me see. The key is understanding the difference between direct and indirect premium. I've got a strategy for figuring this out.
MA
Marvel
1 year ago
Hmm, I'm a bit unsure about this one. I'll need to think it through carefully.
CA
Carlota
1 year ago
This question seems straightforward, I think the answer is B. Direct premium.
AL
Alonso
1 year ago
I'm already imagining the insurance humor in this exam. 'What do you call a group of insurance agents? A risk pool!'
JO
Johnathon
1 year ago
C) Reinsurance premium
CA
Carman
1 year ago
B) Direct premium
FE
Felicitas
1 year ago
A) Indirect premium
RE
Renato
1 year ago
D) Entity premium? Sounds like a made-up option to me. I'm sticking with B).
DO
Dong
1 year ago
C) Reinsurance premium
JO
Jolanda
1 year ago
B) Direct premium
NI
Nickie
1 year ago
A) Indirect premium
DE
Devorah
1 year ago
Direct premium, obviously! What kind of insurance exam is this, anyway?
TA
Tawanna
1 year ago
Hmm, not quite. It's direct premium.
JE
Jeffrey
1 year ago
Indirect premium
DE
Deeanna
1 year ago
No, it's actually direct premium.
MO
Mozell
1 year ago
Reinsurance premium
EL
Elden
1 year ago
That's correct!
DA
Daryl
1 year ago
Direct premium
PH
Phuong
1 year ago
I'm not sure, but C) Reinsurance premium also sounds plausible to me.
SA
Samira
1 year ago
I agree with Izetta, because the entity is collecting the premiums directly.
KI
Kimbery
1 year ago
Hmm, this one's got me stumped. I'll have to go with my gut and say C) Reinsurance premium.
JU
Juliann
1 year ago
I would go with C) Reinsurance premium.
ER
Ernest
1 year ago
I think it's B) Direct premium.
IZ
Izetta
1 year ago
I think the answer is B) Direct premium.
JU
Justine
2 years ago
This question is a bit tricky, but I'm fairly certain the answer is B) Direct premium.
ZA
Zachary
2 years ago
I'm not sure, but I think it could also be C) Reinsurance premium, as the entity may pass on some of the risk to another insurer.
SA
Sabina
2 years ago
I agree with Keva, because the entity is collecting the premiums directly.
KE
Keva
2 years ago
I think the answer is B) Direct premium.