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Aw Yeah
02-12-2012, 01:07 PM
I'm looking at the solution and it looks like there is a column for "Extension" which is the adj factor applied to premium. It does not appear as though this is used for deriving the answer, but it appears in solutions for this problem as well as 05-5-49-3. Anyone know why it is there? I understand what it might be used for, but it seems extraneous in these two as the final relativities do not use this info as an input.

Vorian Atreides
02-12-2012, 07:06 PM
"Extension" was a concept used on the old Syllabus material. I wouldn't worry about showing it, but it could be helpful in keeping track of calculations.

Aw Yeah
02-13-2012, 01:54 PM
i think its just there so that you can calculate the overall impact of the relativity changes on the premium.

Vorian Atreides
02-13-2012, 02:09 PM
That is correct.

John Connor
04-01-2012, 12:56 PM
So if that is the case it won't be useful for the relativities, it will only be useful for calculating base rate offset. Is that also correct?

Vorian Atreides
04-02-2012, 12:10 AM
Yes.