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JamesLu JamesLu
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Posts: 649
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6 years ago
JKL Insurance Company reported the following information on its accounting statements last year:
   Premiums Written    $90,000,000
   Loss Adjustment Expenses    $5,000,000
   Underwriting Expenses    30,000,000
   Premiums Earned   $100,000,000
   Incurred Losses    $70,000,000
What was JKL's combined ratio last year?
A) 100.0
B) 103.3
C) 105.0
D) 108.3
Textbook 
Principles of Risk Management and Insurance

Principles of Risk Management and Insurance


Edition: 12th
Authors:
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6 years ago
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JamesLu Author
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6 years ago
Thanks
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