Exercise 9 The insurer is underwriting 3-month policies covering a specific risk for the premium of 300. A sale of a given quarter is evenly distributed over the quarter's period. The same applies to claims: they are evenly distributed over the 3-month period of policy's validity. pure piloq novic 2014 Year Quarter 2012 Q4 2013 Q1 Q2 Q3 No of written policies 8 000 10 000 12.000 14 000 Q4 16 000 Q1 18 000 noillim Calculate the premium reserve as of October 31, 2013. uit ond