ful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.8, while the data shows that the loss adjustment expenses is 566 and the total premium earning is 990. The company's current ratei s 77. Using the experience rating method what will the new primum be if the credibility factor is 0.6

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Takaful wishes to adjust their rates for next year, they calculate that the expected loss ratio is 0.8, while the data shows that the loss adjustment expenses is 566 and the total premium earning is 990. The company's current ratei s 77. Using the experience rating method what will the new primum be if the credibility factor is 0.6
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