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A contractor expected losses during three prior policy years are $30,000. Expected primary losses are 60% of expected losses. If this contractor has an annual

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A contractor expected losses during three prior policy years are $30,000. Expected primary losses are 60% of expected losses. If this contractor has an annual direct labor payroll of $1,500,000, and his applicable manual rate is $13.51, calculate his WCIP if: (a) He has one loss of $60,000 (II) He has five losses of $12,000 each

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