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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
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. log 2014 pure me Year Quarter 2012 Q4 2013 Q2 No of written policies 8 000 10 000 12 000 Q3 14 000. Q4 16.000 18 000 Calculate the premium reserve as of October 31, 2013.
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
11th edition
1111571260, 978-1111571269
