Multiple Choice
The expected loss ratio for a class of business is 60 percent.What change would be indicated in the level of rates under the loss ratio method if the actual loss ratio turned out to be 68 percent?
A) 6.67 percent increase
B) 13.33 percent increase
C) 25.00 percent increase
D) 33.33 percent increase
Correct Answer:
Verified
Correct Answer:
Verified
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