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Business, 17.12.2021 02:30 mimibear2932

ABC Insurance Company calculated the amount that it expected to pay in claims for each policy sold. Rather than selling the insurance for the amount it expected to pay in claims, ABC added an allowance to cover the cost of doing business, including commissions, taxes, and acquisition expenses. This allowance is called a(n)

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ABC Insurance Company calculated the amount that it expected to pay in claims for each policy sold....
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