QUESTION 24 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 6897, underwriting expens
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QUESTION 24 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 6897, underwriting expens
QUESTION 24 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 6897, underwriting expenses of 835 and have earned premiums worth 17868. Based on this information calculate their Gross Rate using the pure premium method.