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Home Term Insurance Definitions basic premium factor

basic premium factor BPF

The basic premium factor (BPF) is used in the retrospective formula to represent expenses of the insurer, such as acquisition, audit, administration, and profit or contingencies but not taxes.

basic premium factor BPF

The basic premium factor (BPF) is used in the retrospective formula to represent expenses of the insurer, such as acquisition, audit, administration, and profit or contingencies but not taxes.