Question: answer this quickly please right now QUESTION 3 XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type

answer this quickly please right now

QUESTION 3 XYZ Insurance Company uses class rating to determine the rate to charge for insurance. For one type of insurance the pure premium XYZ actuaries calculated is $75 per unit. If XYZ's expense ratio is 35%, what is the gross rate for this coverage? a. $37.50 b. $100.00 c. $75.00 d. $55.25

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