IPT05300 - Calculating the value of the premium: 바카라 사이트˜costs of administration바카라 사이트™
Once the claims fund is established, the insurer will also need to cover the day to day running costs of the business (such as salaries, accommodation, telephones, data processing and advertising). These costs are passed on to the customer in the premium. 바카라 사이트˜Costs of administration바카라 사이트™ are therefore a fundamental part of the premium in that they represent part of the consideration for the insurer바카라 사이트™s supply of insurance.