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what is K/C/O HTN
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Replied on Friday, June 11, 2010 12:00 AM
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What is Loading of Premium. As I understand from my policy document, if there are claims paid in preceeding 2 consecutive years and average of the claims amounts is more than 100% of premia paid so far, then in the next year premium will be increased by certain percent; that percentage if loading. For example, there are claims paid in 2009 and 2010, then for 2011 policy premium will increase by that certain percentage. If there are claims paid in 2010 but not in 2009, no loading is applicable to 2011 premium. Please clarify.
A. Raza : Email: armoulvi@gmail.com
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Replied on Monday, January 10, 2011 1:15 AM
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