Question
An insurance companys projected loss ratio is 80.4 percent, and its expense ratio is 23.9 percent. It estimates that dividends to policyholders will add another
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An insurance companys projected loss ratio is 80.4 percent, and its expense ratio is 23.9 percent. It estimates that dividends to policyholders will add another 5 percent. What is the minimum yield on investments required in order to maintain a positive operating ratio? (LG 15-6)
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
