- Exam Review Calculate A Premium For The Following Exposure To Risk And Assume Expenses And Profit Make Up 35 Percent Of 1 (35.21 KiB) Viewed 54 times
Exam Review Calculate a premium for the following exposure to risk and assume expenses and profit make up 35 percent of
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am
Exam Review Calculate a premium for the following exposure to risk and assume expenses and profit make up 35 percent of
Exam Review Calculate a premium for the following exposure to risk and assume expenses and profit make up 35 percent of premium. Pick the closest answer. Event Frequency Severity No Loss 96 -0- Petty Theft .035 $15,000 Big Theft 2005 $400,000 Premium Expected Loss (1 - ER) ER = Expense Ratio (% of Premiums for Expenses and Profit), this will be given