84- ultimate subjective 1.020 1.020 1.020 1.020 1.020 1.020 1.020 judgement Accident Developed Year Months 2011 2012 2013 2014 2015 2016 2017 12 $29,634 24 $43,901 36 $57,799 48 $65,901 60 $69,023 72 $71,905 84 $74,215 Ultimate $75,699 Pd to date Reserve $28,78 $28,90 $26,98 $27,68 $29,08 $27,68 1 1 0 4 7 0 0 $40,18 4 $43,77 $43,65 $37,85 $39,09 $37,89 7 3 4 1 $51,23 $50,90 $46,77 $48,92 $45,99 $48,78 6 4 7 3 6 1 4 $51,72 $54,85 3 5 $57,02 $57,83 $50,90 $55,01 1 2 7 $62,21 $60,93 $53,65 $57,98 $54,51 $57,81 0 4 6 5 6 7 $69,08 $65,57 $57,74 $62,40 $58,66 $62,22 7 4 2 0 7 0 $71,29 $67,67 $59,59 $64,39 $60,54 $64,21 8 2 0 7 5 1 $72,72 $69,02 $60,78 $65,68 $61,75 $65,49 6 5 6 1 5 15. What is the amount paid to date? a. 400,250 b. 399,000 c. 369,636 d. 359,688 e. 401,212 ANS: C DIF: Hard NAR: Loss Development 16. What are the reserves? a. 100,250 b. 109,000 c. 104,276 d. 101,530 e. 101,233 ANS: d DIF: Hard NAR: Loss Development 17. What loss factor should be assumed for 2014 at 60 months? a. 1.020 b. 1.054 C. 1.076 d. 1.088