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5. Capital One insures 216,400 cars in one country. The company expects to pay $22,072,800 in incurred losses and loss adjustment expenses for insured damages

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5. Capital One insures 216,400 cars in one country. The company expects to pay $22,072,800 in incurred losses and loss adjustment expenses for insured damages to these cars. Based on their previous expense ratio, the insurer wants to allow for 25% for other expenses, profit, and a margin for contingencies. What is the gross premium paid by the insureds? (1 uur)

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