For a single personal auto policy with an annual policy term: a) b) c) A =...

 

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For a single personal auto policy with an annual policy term: a) b) c) A = Calendar year 2021 written exposures as of December 31, 2021 B = Calendar year 2020 earned exposures + calendar year 2021 earned exposures as of February 1, 2021. C = Calendar year 2021 unearned exposures as of February 1, 2021 D = In-force exposures as of February 1, 2021 A < 0<B<C< D. Exposure is earned uniformly throughout the policy term. This policy cancels mid-term (i.e., before the expiration date) Provide the range of valid effective dates for this policy Provide the range of valid dates of the mid-term cancellation for this policy Demonstrate that it would never be possible to have A < 0 < B <C< D if B, C, and D were as of July 1, 2021, instead of February 1, 2021. ● • ● For a single personal auto policy with an annual policy term: a) b) c) A = Calendar year 2021 written exposures as of December 31, 2021 B = Calendar year 2020 earned exposures + calendar year 2021 earned exposures as of February 1, 2021. C = Calendar year 2021 unearned exposures as of February 1, 2021 D = In-force exposures as of February 1, 2021 A < 0<B<C< D. Exposure is earned uniformly throughout the policy term. This policy cancels mid-term (i.e., before the expiration date) Provide the range of valid effective dates for this policy Provide the range of valid dates of the mid-term cancellation for this policy Demonstrate that it would never be possible to have A < 0 < B <C< D if B, C, and D were as of July 1, 2021, instead of February 1, 2021. ● • ●

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a The range of valid effective dates for this policy is from the policy ... View the full answer