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Star Alliance insures 311,240 cars in one country. The company expects to pay $39.838.720 in incurred losses and loss adjustment expenses for insured damages to
Star Alliance insures 311,240 cars in one country. The company expects to pay $39.838.720 in incurred losses and loss adjustment expenses for insured damages to these cars. Based on their previous expense ratio, the insurer wants to allow for 36% for other expenses, profit, and a margin for contingencies. Calculate the gross premium paid by the insureds?
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