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Assume that in auto collision insurance, 500,000 autos in a given underwriting class generate incurred losses and loss-adjustment expenses of $33 million over a one-year

Assume that in auto collision insurance, 500,000 autos in a given underwriting class generate incurred losses and loss-adjustment expenses of $33 million over a one-year period. Expense Ratio is 40%.

Calculate pure premium and gross rate ?

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