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Premium Auditing Identify aspects of exposure bases used to develop premiums. A. How can exposure bases be...

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Accounting

Premium Auditing

Identify aspects of exposure bases used to develop premiums.

A. How can exposure bases be sensitive to inflation?

B. What makes an exposure base easy to determine?

C. Why are some exposure bases difficult to manipulate?

Answer & Explanation Solved by verified expert
4.5 Ratings (898 Votes)
Answer to Part A Inflation is one of the factor affecting the Exposure Base Exposure base is the basis to which the rate is applied to determine the amount of premium for the particular cover The exposure is directly proportional to the Inflation rate prevailing the economy That means the inflation contributes    See Answer
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