Question: 14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium

14. The following information is given regarding the expense structure of a

14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . . 14. The following information is given regarding the expense structure of a certain policy with k- year premium and benefit period: Percent of Premium Expenses: 60% of first year gross premium, 10% of each renewal gross premium. Per 1,000 Expenses: 8.00 in the first year, 2.00 in each renewal year. Gross Premium per 1,000: 30.00. 1 =20, -=1.05. vp, Calculate the expense reserve per 1,000 at the end of the first year. . .

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