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a. 17. Which of the following is typically NOT true of underwriting profit and contingencies (UPC) factors? Insurers use internal rate of return (IRR) models

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a. 17. Which of the following is typically NOT true of underwriting profit and contingencies (UPC) factors? Insurers use internal rate of return (IRR) models to develop UPC factors. b. When setting profit factors with IRR models or other methods, insurers typically ignore investment income. UPC factors are set to ensure that the insurer earns a fair rate of return on capital. d. None of the above c

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