Rmin4000 final exam brown - Study guides, Class notes & Summaries
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RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 40 pages • 2024
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RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS 
 
RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS 
 
RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS 
 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss frequency in 2019? - ANSWER-0.08 (16k/200k) 
 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 ...
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RMIN4000 FINAL EXAM BROWN Questions And Answers Already Graded A+
- Exam (elaborations) • 53 pages • 2024
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Actual Cash Value - Replacement Cost minus Depreciation. 
Depreciation (%) = Age/Useful Life 
ACV = RC - Depreciation 
Highest depreciation is usually 80% 
In property insurance, indemnification is usually based on the actual cash value of the property at the 
time of the loss. 
EXAMPLE: Roof installed in 2012 for $5000 & has a useful life of 20 years. It will cost $6000 to replace 
based on current costs. After depreciation, the ACV is $3600. Depreciation is 40% (8 years old / 20 year 
useful l...
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RMIN4000 FINAL EXAM BROWN|275 Q’S AND A’S
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RMIN4000 FINAL EXAM BROWN|275 Q’S AND A’S
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RMIN4000 FINAL EXAM BROWN UPDATED ACTUAL Questions and CORRECT Answers
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RMIN4000 FINAL EXAM BROWN 
UPDATED ACTUAL Questions and 
CORRECT Answers 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of 
$136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was 
Lannister's collision loss frequency in 2019? - CORRECT ANSWER- 0.08 (16k/200k) 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of 
$136,000,000 in collision losses to the owners of 16,000 of those vehicles. What w...
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RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS!!
- Exam (elaborations) • 40 pages • 2024
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Available in package deal
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Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss frequency in 2019? - ANSWER-0.08 (16k/200k) 
 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss severity in 2019? - ANSWER-8500 (136M/16K) 
 
Michael Scott...
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RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 40 pages • 2024
-
Available in package deal
-
- $13.99
- + learn more
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss frequency in 2019? - ANSWER-0.08 (16k/200k) 
 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss severity in 2019? - ANSWER-8500 (136M/16K) 
 
Michael Scott...
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RMIN4000 Final Exam Brown Questions and Answers 2024.
- Exam (elaborations) • 42 pages • 2024
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RMIN4000 Final Exam Brown Questions and Answers 2024.
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RMIN4000 FINAL EXAM BROWN |Questions with 100% Correct Answers | Verified | Latest Update 2024 Graded A+
- Exam (elaborations) • 74 pages • 2024
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RMIN4000 FINAL EXAM BROWN |Questions with 100% Correct Answers | Verified | Latest Update 2024 Graded A+
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RMIN4000 FINAL EXAM BROWN WITH COMPLETE SOLUTIONS!
- Exam (elaborations) • 40 pages • 2024
- Available in package deal
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- $31.49
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Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss frequency in 2019? - ANSWER-0.08 (16k/200k) 
 
Lannister Insurance Company insures 200,000 vehicles. In 2019, they paid a total of $136,000,000 in collision losses to the owners of 16,000 of those vehicles. What was Lannister's collision loss severity in 2019? - ANSWER-8500 (136M/16K) 
 
Michael Scott...
-
RMIN4000 Final Exam Brown Questions and Answers | Latest Update | 2024/2025 | 100% Verified
- Exam (elaborations) • 95 pages • 2024
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RMIN4000 Final Exam Brown Questions 
and Answers | Latest Update | 2024/2025 
 
| 100% Verified 
 
How do you calculate the total premium if the expected loss is $50,000, administrative costs are 
$10,000, and the desired profit margin is 15%? 
 Total premium = Expected loss + Administrative costs + (Expected loss + Administrative 
costs) × Profit margin 
 Total premium = $50,000 + $10,000 + ($50,000 + $10,000) × 0.15 
 
 Total premium = $60,000 + $9,000 
 
 Total premium = $69,000 
 
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