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Dynamic Insurance incurred losses and loss adjustment expenses of 476,500and earned premiums of P775, 000 for one line of coverage in 2019.The expected loss ratio

Dynamic Insurance incurred losses and loss adjustment expenses of 476,500and earned premiums of P775, 000 for one line of coverage in 2019.The expected loss ratio was 70%. According to the loss ratio method, by what percentage must the company adjust the premium for this line of coverage? Explain the direction of adjustment of the premium.

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