Practice problem - excess loss premium
In the practice problem(pdf/excel), we are asked to calculated basic perm factor.
If the question also asks for excess loss premium, is it (unlimited loss -limited loss)* loss conversion factor c?
Thanks,
In the practice problem(pdf/excel), we are asked to calculated basic perm factor.
If the question also asks for excess loss premium, is it (unlimited loss -limited loss)* loss conversion factor c?
Thanks,
Comments
Yes, that's correct.