The XYZ Insurance Company had an unearned premium reserve of $20 million at the end of 2006.

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The XYZ Insurance Company had an unearned premium reserve of $20 million at the end of 2006. During 2007, it wrote $25 million in annual premiums. At the end of 2007, its unearned premium reserve was $23 million.

What were the earned premiums during 2007?

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Fundamentals Of Risk And Insurance

ISBN: 978-1118534007

11th Edition

Authors: Emmett J. Vaughan ,Therese M. Vaughan

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Question Posted: Jul 12, 2024 10:03 AM

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The XYZ Insurance Company had an unearned premium reserve of $20 million at the end of 2006.

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Fundamentals Of Risk And Insurance

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