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Use the loss distribution to answer question below. Liability Exposures Amount of Loss $8.000.000 SO Probability of Loss 2015 If the premium loading for the
Use the loss distribution to answer question below. Liability Exposures Amount of Loss $8.000.000 SO Probability of Loss 2015 If the premium loading for the liability exposure is 35% of expected losses, what is the fair insurance premium for the liability exposure? (Don't be concerned with the time value of money.) $120.000 $135.000 $147.000 $162.000
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