Exam (elaborations)
Exam FX (PA Property and Casualty - Ch. 2 Property & Casualty Insurance Basics) Questions With Complete Solutions
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- Institution
Earned Premium correct answer: Portion of the premium paid in advance that now belongs to the insurer because it applies to the elapsed part of the policy. Exposure Units correct answer: used as a measure of the rating units or the premium base of a risk Exposure Unit Formula correct answer...
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