Question
1. Given an annual premium trend of 10%, using one-step trending, what factor should be applied to project Calendar Year 2018 Earned Premiums, assuming semi-annual
1. Given an annual premium trend of 10%, using one-step trending, what factor should be applied to project Calendar Year 2018 Earned Premiums, assuming semi-annual policies with a proposed rate effective date of 1/1/2021, where rates are expected to be in effect for 2 years?
2. Given an annual premium trend of 5%, using one-step trending, what factor should be applied to project Policy Year 2018 Earned Premiums, assuming semi-annual policies with a proposed rate effective date of 1/1/2021, where rates are expected to be in effect for 3 years?
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786818, 1119786819
