Actuaries at ABC Insurance Company are determining the pure premium rate to charge for a liability insurance

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Actuaries at ABC Insurance Company are determining the pure premium rate to charge for a liability insurance line. The actuaries estimate that the losses and loss adjustment expenses for a group of 400,000 exposure units would be $44 million.

What is the pure premium per unit for this coverage?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Apr 14, 2023 11:27 PM

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Actuaries at ABC Insurance Company are determining the pure premium rate to charge for a liability insurance

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Intermediate Accounting

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