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Estimated future claims: $150,000,000 Loss adjustment expenses: $30,000,000 Number of autos in underwriting class: 960,000 Expenses per exposure unit: $13.4 Profit and contingencies factor =
Estimated future claims: $150,000,000 Loss adjustment expenses: $30,000,000 Number of autos in underwriting class: 960,000 Expenses per exposure unit: $13.4 Profit and contingencies factor = 0.3 Which one of the following is the gross premium per auto?
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the gross premium per auto to be 28700 Heres how I arrived at the answer Calculate th...
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
