Given the following activity on five annual personal automobile policies as of June 30, 2009: Policy Effective
Fantastic news! We've Found the answer you've been seeking!
Question:
Given the following activity on five annual personal automobile policies as of June 30, 2009:
Policy | Effective Date | Original Expiration | Date Mid-term Cancellation Date |
1 | July 1, 2007 | June 30, 2008 | N/A |
2 | October 1, 2007 | September 30, 2008 | March 31, 2008 |
3 | January 1, 2008 | December 31, 2008 | N/A |
4 | March 1, 2008 | February 28, 2009 | June 30, 2008 |
5 | July 1, 2008 | June 30, 2009 | N/A |
The exposure base is earned car years.
Calculate the in-force exposure as of April 1, 2008.
3 | ||
1.83 | ||
1.5 | ||
2.583 |
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Posted Date: