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New Deal Insurance Company's underwriting expenses total is $49,950,250. The company has written 175,000,000 premiums. Using the formula Expense Ratio = Underwriting Expenses ÷ (Premiums
New Deal Insurance Company's underwriting expenses total is $49,950,250. The company has written 175,000,000 premiums. Using the formula Expense Ratio = Underwriting Expenses ÷ (Premiums Written), what is the company's expense ratio? Question 25 options: 1) .2 2) 3 3) 3.503 4) .285
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