SCI CLUS04 Practice Questions - SCI CLU® S CLUS04 Life Insurance Company Operations (Singapore) Exam

Initial expenses are heavy in year one and are typically amortized across future premium payments through net level premium reserving or expense loading Initial expenses are charged directly as an upfront cash surcharge to the policyowner upon policy issuance Initial expenses are deducted entirely from the policy's terminal bonus pool at policy maturity Initial expenses are absorbed by the reinsurer under standard quota share treaties without affecting gross premiums