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Short-Term Actuarial Math Old Exam C Forum

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Old 05-09-2019, 04:05 PM
adi0224 adi0224 is offline
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Join Date: Jul 2014
College: Boston University
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Default ASM STAM 1st edition question 9.1

I just started the ratemaking chapter and had a question regarding the solution to problem 9.1 which is in the attachment. In the solution it says "The entire loss of 45000 is for policy year 2 and accident year 2. I wasn't able to understand why it applies to policy year and accident year 2. I will appreciate if someone could explain how the policy year and accident year would be set up based on the given date ranges. For some reason I am not able to upload the screenshot of the question...

Thanks,
Adi
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Old 05-09-2019, 05:23 PM
adi0224 adi0224 is offline
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I was able to figure this out!
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