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Posted on Oct 06, 2024

The insurer expects to pay $ 7 5 0 , 0 0 0 in claims with 1 , 0 0 0 cars in the category.

The insurer expects to pay $

750, 000

in claims with

1, 000

cars in the category. The insurer requires a loading ratio of

25 % .

What is the gross premium?

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