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DHUL Insurance Ltd incurred loss and loss adjustment expenses of $ 3 7 4 5 0 0 and earned premiums of $ 6 6 5

DHUL Insurance Ltd incurred loss and loss adjustment expenses of $374500 and earned premiums of $665000
for one line of coverage in 2022. The expected loss ratio was 60%. According to the loss ratio method, by what
percentage must the company adjust for this line of coverege. (5 marks)

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