Briefly describe the following methods for determining a class rate: a. pure premium method b. loss ratio
Question:
a. pure premium method
b. loss ratio method
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a The pure premium is that portion of the gross rate needed to pay ...View the full answer
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Somshukla Chakraborty
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Related Book For 
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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