Hi,
For question 7.13 (State X - Private passenger auto liability) from the 2013 version of the manual, why aren't we dividing the avg premium at current rates which is $1200 by the class/territory relativity of 1.14 in addition to the ILF of 1.62? Wouldn't we need to divide by both the multiplicative factors to derive a true base level premium?
Thanks for any replies.
For question 7.13 (State X - Private passenger auto liability) from the 2013 version of the manual, why aren't we dividing the avg premium at current rates which is $1200 by the class/territory relativity of 1.14 in addition to the ILF of 1.62? Wouldn't we need to divide by both the multiplicative factors to derive a true base level premium?
Thanks for any replies.
Mahler 7.13 - Exposure/Policy based projection (7 point q)
