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Description Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating) (1 Marks) Answer: Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points: (2 Marks) Name of the CompanyType of InsurancePremiumsSignificant features of the insurance product Answer: Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples. (2 Marks) Answer: 1 attachmentsSlide 1 of 1attachment_1attachment_1.slider-slide > img { width: 100%; display: block; } .slider-slide > img:focus { margin: auto; } Unformatted Attachment Preview College of Administrative and Financial Sciences Assignment 1 Deadline: 10/10/2020@ 23:59 Course Name: Insurance Accounting Student’s Name: Course Code: ACCT 424 Student’s ID Number: Semester: 1 CRN: Academic Year: 1441/1442 H For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 5 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. 1 Assignment Question(s): (5 Marks) Q1. Discuss methods of setting premium rates in insurance companies (Manual rating, merit rating, judgement rating) (1 Marks) Answer: Q2. Identify any two insurance companies in Kingdom of Saudi Arabia and explain any two insurance products offered by them. Your answer should be based on following points: (2 Marks) i. Name of the Company ii. Type of Insurance iii. Premiums iv. Significant features of the insurance product Answer: Q3: Discuss in detail the various functions involved in “Transaction Cycle” with suitable examples. (2 Marks) Answer: 2 Purchase answer to see full attachment Tags: average data manual rating nsurance Accounting judgement rating organization of insurance User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
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