Question: Given the following data and using the pure premium ratemaking method, calculate the insurance rate (rounded). Incurred losses $750,000 Earned exposure units 12,500 Fixed expenses

Given the following data and using the pure premium ratemaking method, calculate the insurance rate (rounded). Incurred losses $750,000 Earned exposure units 12,500 Fixed expenses per exposure unit $15 Profit and contingencies factor 4%.

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