What Is an Adjustable Premium?

The variable insurance cost refers to the expense that the insurer must pay in the short term that changes as the business volume changes. These include: commissions, compensation, office equipment costs, postage charges, telephone charges, some management fees, surrenders, etc. Based on the calculation of capital, the management activities of subcontracting, controlling and assessing the costs of the insurance company are based on the shuttle fund. ^[1]