14. The following information is given regarding the expense structure of a certain policy with k-...
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14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 ä =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . ● . 14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 ä =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . ● . 14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 ä =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . ● . 14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 ä =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . ● .
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The expense reserve per 1000 at the end of the first year is calculated as foll... View the full answer
Related Book For
Operations Management in the Supply Chain Decisions and Cases
ISBN: 978-0073525242
6th edition
Authors: Roger Schroeder, M. Johnny Rungtusanatham, Susan Goldstein
Posted Date:
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