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Expenses (Common Expenses (Labour related (Staff salaries, Pension…

- - - - Premiums should be adequate to cover
        
        Administration Costs
        
        Claims Handling
        
        Fixed Expenses
        
        Expected claims
      - Expenses can be loaded onto the premium
        
        Percentage
        
        Fixed amount
        
        Combination of methods
  - - - Direct Expenses
        
        Use staff timesheets
      - Indirect
        
        Premises costs can be allocated by floor space occupied by staff department
        
        Computing costs can be allocated using a charge-out basis
        
        Other expenses excluded until the end of the allocation and then allocated in proportion to all the other expenses's relative size
    - - Non Commission expenses [MIT]
        
        Initial expenses
        
        Maintenance Expenses
        
        Renewal Expense
        
        Investment Expenses
        
        Termination expenses