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| rev | Admin | (Created page with "A rate change for annual policies will affect policies sold during the period January 01, 2021 to December 30, 2023. You are given the following: *There are no fixed underwriting expenses. *Variable expenses are 25% of premium. *Pure premium including LAE for policy year 2019 was $500. *Loss inflation is 5% per year. Using the pure premium method and a target profit percentage of 20%, determine the rate per exposure unit during the period January 01, 2021 to December...") | Jul 25'24 at 19:28 | +632 |