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babymother [125]
3 years ago
12

How can an insurance company make a profit by taking in premiums and making payouts?

English
2 answers:
Misha Larkins [42]3 years ago
3 0
The value of the premiums the company takes in is higher than the value of the payouts it makes.

The insurance company always has a collection of premium. They will pool these premiums and invest it to other investments that have guaranteed payouts with the highest interest earned. In the event of payout, all revenue earned net of the amount paid is the profit of the insurance company.
nika2105 [10]3 years ago
3 0

The value of the premiums the company takes in is higher than the value of the payouts it makes.

An insurance company is a business that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.  

Insurance companies make profits by setting premium levels that are higher than necessary. Insurance companies make profit from short-term investment of the premium money they gain as premiums. However, the payout of services is received several months later.

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The President in the executive branch can veto a law, but the legislative branch can override that veto with enough votes. The legislative branch has the power to approve Presidential nominations, control the budget, and can impeach the President and remove him or her from office.

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3 years ago
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Mnenie [13.5K]

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2 years ago
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It should be noted that the statement that supports theme and central idea is C. When Juliana Ruhfus reported on pirate fishing in Sierra Leone, she helped the government find pirate ships and get them to leave.

<h3>Theme</h3>

A theme simply means the main idea that's contained in a story. It's what the author wants the readers to know.

In this case, theb statement that supports theme and central idea is that when Juliana Ruhfus reported on pirate fishing in Sierra Leone, she helped the government find pirate ships and get them to leave.

Learn more about themes on:

brainly.com/question/11600913

6 0
2 years ago
Read 2 more answers
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