Exam (elaborations)
FIN 3204 Exam 1 Questions & Answers 2023/2024
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FIN 3204 Exam 1 Questions & Answers 2023/2024 Ratemaking - ANSWER-refers to the pricing of insurance and the calculation of insurance premiums Rate - ANSWER-the price per unit of insurance Exposure unit - ANSWER-the unit of measurement used in insurance pricing premium = rate * exposure...
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