To an Insurer, you are a statistic. Your premiums are based on your risk factors, including your credit rating. Bad credit Increases the amount you pay for your premiums. Make certain to check your credit report annually for accuracy. Only premium for bodily Injury and property damage should be calculated, not the whole premium. (Use tables 20.5. 20.6.20.7.) a. Calculate the premium for someone in class 10 for 10/20/5. Note: This premium is for compulsory Insurance. Answer is complete and correct. $ 184 Premium b. Determine how much the premium will be for class 10.50/100/0. Answer is complete but not entirely correct. Premium $ $ 2013 c. What is the difference between the two? Answer is complete but not entirely correct. 13 1703 Difference TABLE 20-5 Compulsory Insurance (based on class of driven ) RODILY INJURY TO OTHERS Class 10/20 DAMACE TO SOMEONE ELSE'S PROPERTY Class 5M 5129 10 17 $ 55 98 80 110 10 17 18 20 16 160 100 18 20 Explanation of 10/20 and 5 10 20 6 Muxi buid for Mail | Lai || Luu Du ULIC PETSUICI allidul for bodily injury Muxim puid for Eucly Jamaye per accident ir juty accident " Maithili TABLE 20-6 Class Bodily injury 10 187 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 27 37 10 14 117 69 91 111 52 18 63 69 101 116 228 298 33 16 50 55 60 89 121 193 251 41 59 65 72 78 119 168 263 344 3/ 18 20 TABLE 20-7 Class 10M 25M 50M 100M 10 134 Damage to someone else's property 17 132 164 164 135 168 168 166 166 193 136 169 169 18 20 191 195 197 To an Insurer, you are a statistic. Your premiums are based on your risk factors, including your credit rating. Bad credit Increases the amount you pay for your premiums. Make certain to check your credit report annually for accuracy. Only premium for bodily Injury and property damage should be calculated, not the whole premium. (Use tables 20.5. 20.6.20.7.) a. Calculate the premium for someone in class 10 for 10/20/5. Note: This premium is for compulsory Insurance. Answer is complete and correct. $ 184 Premium b. Determine how much the premium will be for class 10.50/100/0. Answer is complete but not entirely correct. Premium $ $ 2013 c. What is the difference between the two? Answer is complete but not entirely correct. 13 1703 Difference TABLE 20-5 Compulsory Insurance (based on class of driven ) RODILY INJURY TO OTHERS Class 10/20 DAMACE TO SOMEONE ELSE'S PROPERTY Class 5M 5129 10 17 $ 55 98 80 110 10 17 18 20 16 160 100 18 20 Explanation of 10/20 and 5 10 20 6 Muxi buid for Mail | Lai || Luu Du ULIC PETSUICI allidul for bodily injury Muxim puid for Eucly Jamaye per accident ir juty accident " Maithili TABLE 20-6 Class Bodily injury 10 187 15/30 20/40 20/50 25/50 25/60 50/100 100/300 250/500 500/1,000 27 37 10 14 117 69 91 111 52 18 63 69 101 116 228 298 33 16 50 55 60 89 121 193 251 41 59 65 72 78 119 168 263 344 3/ 18 20 TABLE 20-7 Class 10M 25M 50M 100M 10 134 Damage to someone else's property 17 132 164 164 135 168 168 166 166 193 136 169 169 18 20 191 195 197
