Mary Beth is an actuary for XYZ Property Insurance Company. Mary Beth Calculated the pure premium rate

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Mary Beth is an actuary for XYZ Property Insurance Company. Mary Beth Calculated the pure premium rate for a coverage line to be $120. Assuming an expense ratio of 20 percent (expenses equal to 20 percent of the gross rate).

What is the gross rate for this coverage?

Related Book For answer-question

Principles of Risk Management and Insurance

ISBN: 978-0132992916

12th edition

Authors: George E. Rejda, Michael McNamara

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Posted Date: Apr 14, 2023 11:22 PM

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Mary Beth is an actuary for XYZ Property Insurance Company. Mary Beth Calculated the pure premium rate

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The gross rate can be calculated by adding the exp... View the full answer

Principles of Risk Management and Insurance

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