QUESTION 29 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10858, underwriting expen
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QUESTION 29 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10858, underwriting expen
QUESTION 29 Asia Life Insurance insures a total of 1000 cars, has a loss adjustment expense of 10858, underwriting expenses of 1411 and have earned premiums worth 16460. Based on this information calculate their Gross Rate using the pure premium method.