Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.8. while the data shows that the loss adjustment expenses is 367 and the total premium earning is B53. The company's current ratei s 35. Using the experience rating method what will the new primum be if the credibity factor is 0.34

QUESTION 22 Takaful wishes to adjust their rates for next year they calculate that the expected oss ratio is 0.8 while the data shows that the loss adjustment expenses is 367 and the total premium earing is 853. The company's current rate s 35. Using the experience rating method what will the new primum be if the credibility factor is 0 34 QUESTION 22 Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.8. While the data shows that the loss adjustment expenses is 367 and the total premium earning is 853. The company's current rateis 36. Using the experience rating method what will the new primum be if the credibility factor is 0.34