1. Using the following information, calculate the on-level factor to be applied to the 2019 Calendar Year Earned Premium in order to bring it to current rate level:

· Semi-annual policies, assuming uniform writing throughout the year

· Rate increase of 5% on 7/1/2018

· Rate decrease of 10% on 10/1/2018

· Rate increase of 8% on 4/1/2019

· Rate increase of 12% on 10/1/2019

· Rate decrease of 9% on 4/1/2020

2. Calculate the 2019 Calendar Year Earned Premium on-level factor, using the information given in #1, as well as a law-mandated decrease of 6% on all in-force policies as of 7/1/2019.