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7. (20 points) Assume we have an insurance company that writes only annual policies. More specific, we have the following information: A Policy Effective Date

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7. (20 points) Assume we have an insurance company that writes only annual policies. More specific, we have the following information: A Policy Effective Date July 1, 2016 October 1, 2016 January 1, 2017 D | July 1, 2017 Annual Premium $200 $240 $260 $280 Policy D was cancelled March 31, 2018. Question: a. (10 points) Calculate the earned and written premium for calendar year 2017. b. (10 points) Calculate the earned and written premium for policy year 2017 as of Decem- ber 31, 2018

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