Question

1 Approved Answer

Posted on Sep 19, 2024

Chapter 20 Assignment Saved 3 Britney Sper, Territory 5 Class 10 operator Compulsory, 10/20/5 points Optional a. Bodily injury, 500/1,000 b. Property damage, 25M c.

Chapter 20 Assignment Saved 3 Britney Sper, Territory 5 Class 10 operator Compulsory, 10/20/5 points Optional a. Bodily injury, 500/1,000 b. Property damage, 25M c. Collision, $100 deductible Age of car is 5; symbol of car is 7 d. Comprehensive, $200 deductible eBook Print Calculate the total annual premium for the above: (Use tables 20.5. 20,6, 207. 20.8.20.9) References Total annual premium ect Production/bne/Slater 13e/table 20 5.jpg TABLE 20-5 BODILY INJURY TO OTHERS DAMAGE TO SOMEONE ELSE'S PROPERTY Compulsory insurance (based on class of driver) Class 10/20 Class 5M 10 10 $129 17 98 17 160 18 80 18 160 20 116 20 186 Explanation of 10/20 and 5 10 20 Maximum paid to one person per accident for bodly injury Maximum paid for total bodly Mamum pad for property damage per accident injury per accident "M means thousends R LIB COLOR TABLE 20-6 Class 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 Bodily injury 10 27 37 40 44 47 69 94 144 187 17 37 52 58 63 69 104 146 228 298 18 33 46 50 55 60 89 124 193 251 20 41 65 72 78 119 168 263 344 OR LIB COLOR TABLE 20-8 Collision Age group Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded Symbol 6 $300 ded Symbol 7 $300 ded Symbol 8 $300 ded Symbol 10 $300 ded Classes 10-20 1 180 180 187 194 214 264 279 160 160 166 172 190 233 246 3 148 148 154 166 183 221 233 4 136 136 142 160 176 208 221 5 124 124 130 154 169 196 208 These classes would use all this information Addtionel cost to reduce deductible To find the premium, ue the age and symbol only Class From $300 to $200 From $300 to $100 10 13 27 17 20 43 18 16 33 20 55 R LIB COLOR TABLE 20-9 Comprehansive Age Symbols 1-3 $300 ded Symbol 4 $300 ded. Symbol 5 $300 ded Symbol 6 $300 ded Symbol 7 $300 ded Symbol 8 $300 ded Symbol 10 $300 ded Classes group 10-25 61 61 65 85 123 157 211 21 55 55 58 75 138 108 185 3 52 52 55 73 104 131 178 4 49 49 52 70 99 124 170 47 47 49 67 94 116 163 Addtional cost to reduce deductible From $300 to $200 add $4 R LIB COLOR RR TABLE 20-4 Time polcy is In force Percent of annual rate to be charged Time pollcy is In force Percent of annual rate Fire insurance short.rate and cancellation table to be charged Days 5 8% Months 52% 10 10 6 61 20 15 7 67 25 17 8 74 Morths 19 81 2 27 10 87 35 11 96 44 12 100 R LIB COLOR Chapter 20 Assignment Saved 3 Britney Sper, Territory 5 Class 10 operator Compulsory, 10/20/5 points Optional a. Bodily injury, 500/1,000 b. Property damage, 25M c. Collision, $100 deductible Age of car is 5; symbol of car is 7 d. Comprehensive, $200 deductible eBook Print Calculate the total annual premium for the above: (Use tables 20.5. 20,6, 207. 20.8.20.9) References Total annual premium ect Production/bne/Slater 13e/table 20 5.jpg TABLE 20-5 BODILY INJURY TO OTHERS DAMAGE TO SOMEONE ELSE'S PROPERTY Compulsory insurance (based on class of driver) Class 10/20 Class 5M 10 10 $129 17 98 17 160 18 80 18 160 20 116 20 186 Explanation of 10/20 and 5 10 20 Maximum paid to one person per accident for bodly injury Maximum paid for total bodly Mamum pad for property damage per accident injury per accident "M means thousends R LIB COLOR TABLE 20-6 Class 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 Bodily injury 10 27 37 40 44 47 69 94 144 187 17 37 52 58 63 69 104 146 228 298 18 33 46 50 55 60 89 124 193 251 20 41 65 72 78 119 168 263 344 OR LIB COLOR TABLE 20-8 Collision Age group Symbols 1-3 $300 ded. Symbol 4 $300 ded. Symbol 5 $300 ded Symbol 6 $300 ded Symbol 7 $300 ded Symbol 8 $300 ded Symbol 10 $300 ded Classes 10-20 1 180 180 187 194 214 264 279 160 160 166 172 190 233 246 3 148 148 154 166 183 221 233 4 136 136 142 160 176 208 221 5 124 124 130 154 169 196 208 These classes would use all this information Addtionel cost to reduce deductible To find the premium, ue the age and symbol only Class From $300 to $200 From $300 to $100 10 13 27 17 20 43 18 16 33 20 55 R LIB COLOR TABLE 20-9 Comprehansive Age Symbols 1-3 $300 ded Symbol 4 $300 ded. Symbol 5 $300 ded Symbol 6 $300 ded Symbol 7 $300 ded Symbol 8 $300 ded Symbol 10 $300 ded Classes group 10-25 61 61 65 85 123 157 211 21 55 55 58 75 138 108 185 3 52 52 55 73 104 131 178 4 49 49 52 70 99 124 170 47 47 49 67 94 116 163 Addtional cost to reduce deductible From $300 to $200 add $4 R LIB COLOR RR TABLE 20-4 Time polcy is In force Percent of annual rate to be charged Time pollcy is In force Percent of annual rate Fire insurance short.rate and cancellation table to be charged Days 5 8% Months 52% 10 10 6 61 20 15 7 67 25 17 8 74 Morths 19 81 2 27 10 87 35 11 96 44 12 100 R LIB COLOR