ASP Fellowship II Practice Questions - ASP Fellowship Exam II - Actuarial Society Of The Philippines Exam

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For a group term life policy with a credibility factor (Z) of 0.60, a manual premium of PHP 1,500,000, and a calculated experience premium (claims + administrative loading) of PHP 1,200,000, what is the experience-rated premium?

PHP 1,200,000 PHP 1,320,000 PHP 1,380,000 PHP 1,500,000

Correct Answer:

PHP 1,320,000

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