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A property insurer uses the pure premium method to set their rates. Over the course of the year, a line of single family home insurance
A property insurer uses the pure premium method to set their rates. Over the course of the year, a line of single family home insurance experiences $15 million in losses on 8,000 homes insured. The insurer assigns an expense rate of 35% to this line. What rate should they assign to the properties in this line based on the pure premium method? 0656 O 2.885 08,243 O 1875
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