CAS Exam 8 Practice Questions - CAS Exam 8 Advanced Ratemaking Exam

In the loss ratio method of class ratemaking, what does the indicated relativity represent?

The ratio of class loss ratio to the overall loss ratio The class pure premium divided by the base class pure premium The ratio of class earned premium to base class earned premium The class frequency divided by the base class frequency

Correct Answer:

The ratio of class loss ratio to the overall loss ratio

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