CAS Exam 5 Fall 2019, Question 13
Study guide: Exam 5
Given the following information:
| Policy Limit | Claims | % of Claims at Policy Limit |
|---|---|---|
| $50,000 | 145 | 100% |
| $100,000 | 550 | 60% |
| $200,000 | 875 | 40% |
- All claim payments are either 50% of the policy limit or 100% of the policy limit.
- $50,000 is the basic limit.
Calculate the indicated increased limit factor for the $200,000 limit.
Part a (1.75 points)
Answer this question and see the worked solution