Pembahasan Ujian PAI: A40 – No. 21 – November 2011

Expense budget :

• The benefit budget indicates the amount of money a company expects to pay for claims, cash surrenders and policy dividend during the next period. Actuaries typically are responsible for developing the benefit budget.
• The sales expense budget is based primarily on the cost incurred in selling In addition to commission costs, these expenses include the costs of adveritsing, promotion, travel, branch office operations , and salaries for marketing personnel
• The general and administrative expense budge includes the other expenses needed to operate the company. Usually , this budget is the sum of all departmental expense budget

^[1] Mulligan, E. and Stone, G. (1997). Accounting and financial reporting in life and health insurance companies. Atlanta, Ga.: Life Management Institute, LOMA.