Net Premium

tracyguo8tracyguo8
edited August 2023 in Fisher.OtherLSPlans

Hi,

Battlewiki states "Net premium must cover the expected per-occurrence and expected aggregate losses, expenses and an underwriting profit provision." It should be expected excess per occurrence/agg loss instead of expected total per occurrence/agg loss right?

Thanks!

Comments

  • adminadmin

    Yes, the net premium should cover losses in excess of the per-occurrence limit as well as those excess of any applicable aggregate limit.

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