CAS Exam 5 Practice Questions - CAS Exam 5 Basic Ratemaking And Estimating Claim Liabilities Exam

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For the loss ratio method, an experience period shows a loss and LAE ratio of 65%, fixed expense ratio of 8%, variable expense ratio of 20%, and target profit of 5%. The indicated rate change is closest to:

+2.7% -2.7% +8.0% -8.0%

Correct Answer:

-2.7%

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