Home > Term: actuarially sound
actuarially sound
The financial goal of any insurance program (including the federal crop insurance program) is to operate on an actuarially sound basis; that is, total premiums collected should more than offset total indemnities paid out.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Agriculture
- Category: Agricultural programs & laws
- Company: USDA
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- AjayOwor
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