10.8. You are given the following information for an insurance with rates varying by territory...

50.1K

Verified Solution

Question

Accounting

image

10.8. You are given the following information for an insurance with rates varying by territory and class: Losses Average Class Average Earned Premium at Differential Rate Current Rates Territory 1 1.25 200 374,000 Territory 2 1.40 280 420,000 Territory 3 1.60 240 120,000 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method. 290,000 350,000 90,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students