Chapter 23 - Contract Design Flashcards
1
Q
Contract deign factors
A
Customer needs and interests Characteristics of stakeholders involved Risk appetite of parties involved Regulatory environment Profitability Market for the product Competitive pressures Level and form of benefits Options and guarantees Discretionary benefits Benefits offered on discontinuance Contract terms and conditions Capital requirements Method of financing benefits Premium/contribution pattern Charges vs expenses Extent of cross subsidies Consistency with other contracts Admin systems Accounting implications
