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Calculate the Rate Adjustment using the Loss Ratio Method for the following data sets: Problem 4 Problem 5 Incurred Losses Written Premium Earned Premium Expected
Calculate the Rate Adjustment using the Loss Ratio Method for the following data sets: Problem 4 Problem 5 Incurred Losses Written Premium Earned Premium Expected Loss Ratio $ 200,000 $ 600,000 $ 400,000 70% $ 500,000 $ 900,000 $ 600,000 80% Calculate the Rate Adjustment using the Loss Ratio Method for the following data sets: Problem 4 Problem 5 Incurred Losses Written Premium Earned Premium Expected Loss Ratio $ 200,000 $ 600,000 $ 400,000 70% $ 500,000 $ 900,000 $ 600,000 80%
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