Question: LD Question 2 Consider the following: EARNED WRITTEN ON-LEVEL ON-LEVEL ox EXPOSURES EXPOSURES EARNED PREMIUM WRITTEN PREMIUM 2011 1,050 1,150 $497,500 $570,000 2012 1,300 1,400

LD Question 2 Consider the following: EARNED WRITTEN ON-LEVEL ON-LEVEL ox EXPOSURES EXPOSURES EARNED PREMIUM WRITTEN PREMIUM 2011 1,050 1,150 $497,500 $570,000 2012 1,300 1,400 $620,000 $695,500 All policies are annual * Proposed effective date is January 1, 2015 Rates are expected to be in effect for one year + Projected premium trend is 4% Calculate the calendar year 2011 earned premium at prospective levels using two-step trending

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