O-LevelCommerceInsurance7100/12 · Oct/Nov 2014 · Q311 Mark

The following figures were taken from the books of an insurance company in 2013. $m administrative costs 2 average size of the premium pool 7 claims by policy holders 5 investment income 15 premiums received 10 What was the profit made in 2013?

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A$2m

B$5m

C$10m

D$18m

✓ Correct answer

D: $18m

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Topic: Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 2, question 31.

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