S sunandaC Sunanda K. Chavan Oct 11, 2010 #1 Insurance premium collected is converted in a pool of fund then divided in to four expenses To pay the expenses of the management To pay agency commission To pay for the claims Surplus money will be invested in govt. securities
Insurance premium collected is converted in a pool of fund then divided in to four expenses To pay the expenses of the management To pay agency commission To pay for the claims Surplus money will be invested in govt. securities
