XYZ Insurance Company expects $500,000 in claims and loss adjustment e
XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?
A) $69.99
B) $166.67
C) $350.00
D) $500.00
ANSWER
Answer: D
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