Homework Help is Here – Start Your Trial Now!
Business
Accounting
10.8. You are given the following information for an insurance with rates varying by territory and class: Average Class Differential Average Rate Earned Premium at Current Rates Losses Territory 1 1.25 200 374,000 290,000 Territory 2 1.40 280 420,000 350,000 Territory 3 1.60 240 120,000 90,000 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method.

10.8. You are given the following information for an insurance with rates varying by territory and class: Average Class Differential Average Rate Earned Premium at Current Rates Losses Territory 1 1.25 200 374,000 290,000 Territory 2 1.40 280 420,000 350,000 Territory 3 1.60 240 120,000 90,000 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method.

Personal Finance
Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter11: Planning For Health Care Expenses
Section11.1: The Affordable Care Act And You
Problem 5CC
See similar textbooks
icon
Related questions
Question
10.8. You are given the following information for an insurance with rates varying by territory and class: Average Class Average Differential Earned Premium at Rate Current Rates Losses Territory 1 Territory 2 Territory 3 374,000 420,000 120,000 1.25 200 290,000 350,000 90,000 1.40 280 1.60 240 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method.
Transcribed Image Text:10.8. You are given the following information for an insurance with rates varying by territory and class: Average Class Average Differential Earned Premium at Rate Current Rates Losses Territory 1 Territory 2 Territory 3 374,000 420,000 120,000 1.25 200 290,000 350,000 90,000 1.40 280 1.60 240 Territory 1 is the base territory. Calculate the indicated territory differentials using the loss ratio method.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Personal Finance
Personal Finance
Finance
ISBN:
9781337669214
Author:
GARMAN
Publisher:
Cengage
Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Century 21 Accounting General Journal
Century 21 Accounting General Journal
Accounting
ISBN:
9781337680059
Author:
Gilbertson
Publisher:
Cengage
SWFT Essntl Tax Individ/Bus Entities 2020
SWFT Essntl Tax Individ/Bus Entities 2020
Accounting
ISBN:
9780357391266
Author:
Nellen
Publisher:
Cengage
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Pfin (with Mindtap, 1 Term Printed Access Card) (…
Finance
ISBN:
9780357033609
Author:
Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS