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ABC Insurance Company has incurred automobile insurance losses of $8 million and earned exposure units equaling 200,000 car-years. Which one of the following represents the
ABC Insurance Company has incurred automobile insurance losses of $8 million and earned exposure units equaling 200,000 car-years. Which one of the following represents the pure premium on which ABC needs to base its automobile rates? Available answer options Select only one option A $2.50 B $4.00 C $25.00 D $40.00
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