Q1) Given the following rate change history table of the extension of exposures method, answer the...

 

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Q1) Given the following rate change history table of the extension of exposures method, answer the following questions: Rate level group 1 2 3 4 Effectiv Rate per Class Class Class Policy e Date Factor Factor Fee Exposur Factor X Y Z 1,000$ 1.00 0.8 1.05 Initial 01/05/16 1,050S 1.00 0.7 01/01/17 1,100$ 1.00 1.10 0.65 1.10 01/08/18 1,100S 1.00 0.7 1.15 e 1,100$ 1,105$ 1,100S 1,020S What is the actual premium charged for a policy of rate ?level group 4 and class factor I :Select one a. 2120 O b. 2,285 O c. 1020 O d. 1,815 O A Q1) Given the following rate change history table of the extension of exposures method, answer the following questions: Rate level group 1 2 3 4 Effectiv Rate per Class Class Class Policy e Date Factor Factor Fee Exposur Factor X Y Z 1,000$ 1.00 0.8 1.05 Initial 01/05/16 1,050S 1.00 0.7 01/01/17 1,100$ 1.00 1.10 0.65 1.10 01/08/18 1,100S 1.00 0.7 1.15 e 1,100$ 1,105$ 1,100S 1,020S What is the actual premium charged for a policy of rate ?level group 4 and class factor I :Select one a. 2120 O b. 2,285 O c. 1020 O d. 1,815 O A

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