subject Insurance

Use the table to answer the following questions: Effective Rate per Class date exposure factor X Class factor Y Class factor Z Policy fee Rate level group 1 2 3 4 Initial $2000 01/04/18 $2000 01/01/19 $2050 01/07/20 $2100 1.00 0.60 0.80 1.00 0.8 1.00 0.7 0.9 0.8 1.01 1.05 0.6 $1,100 $1,200 $1,100 $1,100 What is the actual premium charged for a policy of rate level group 4 and class factor Y? Answer: Use the table to answer the following questions: Effective Rate per Class date exposure factor X Class factor Y Class factor Z Policy fee Rate level group 1 2 3 4 Initial $2000 01/04/18 $2000 01/01/19 $2050 01/07/20 $2100 1.00 0.60 0.80 1.00 0.8 1.00 0.7 0.9 0.8 1.01 1.05 0.6 $1,100 $1,200 $1,100 $1,100 What is the actual premium charged for a policy of rate level group 4 and class factor Y