CAS Exam 5 Fall 2016, Question 1
Study guide: Exam 5
Given the following automobile policies issued during calendar years 2013 through 2015:
| Effective Date | Expiration Date | Number of Policies |
|---|---|---|
| April 1, 2013 | September 30, 2013 | 100 |
| October 1, 2013 | March 31, 2014 | 110 |
| April 1, 2014 | September 30, 2014 | 105 |
| October 1, 2014 | March 31, 2015 | 100 |
| April 1, 2015 | September 30, 2015 | 110 |
| October 1, 2015 | March 31, 2016 | 105 |
- All policies have a 6-month term.
Part a (0.5 points)
Calculate the written car-years for calendar year 2014.
Part b (0.25 points)
Calculate the in-force car-years as of December 31, 2014.
Part c (0.5 points)
Calculate the earned car-years for calendar year 2015.
Answer this question and see the worked solution