CAS Exam 5 Fall 2015, Question 13
Study guide: Exam 5
Below are the parameters for a retrospectively rated policy with an annual policy period:
| Standard Premium | $813,546 |
| Basic Premium | $343,137 |
| Loss Conversion Factor | 1.08 |
| Tax Multiplier | 1.03 |
| Min Retro Premium Ratio | 60% |
| Max Retro Premium Ratio | 140% |
| Evaluation at Age | Limited Reported Losses |
|---|---|
| 18 months | $115,000 |
| 30 months | $151,800 |
Calculate the retrospective premium at 18 months and 30 months.
Part a (1 point)
Answer this question and see the worked solution