Cebs9 Study guides, Class notes & Summaries

CEBS9 Questions with complete solution 2023/2024Pure premium - correct answer he expected claim experience, gross premium is the pure premium divided by 1 minus the loading percentage. If the pure premium is $1,000 and the loading percentage is 40%, what is the gross premium? the gross premium is $1,000 divided by .60, or $1,666.67. 60% of the gross premium ($1,667 x .60 = $1,000) would be allocated for losses (this would be the loss ratio) and 40% of the gross premium ($1,667 x .40 = $66...

CEBS9 Questions with complete solution 2023