Q
Qayanaat
Member
Can anyone help me with the following question from the course notes:
Premium £3,500. Commission 10%. Started 1 July 2018. Risk starts at zero, increases linearly daily by a constant linear amount over the policy year. Annual policy. Find UPR as at 31st Dec 2018.
How would the answer differ if say policy started 1 August?
Thanks a lot.
Premium £3,500. Commission 10%. Started 1 July 2018. Risk starts at zero, increases linearly daily by a constant linear amount over the policy year. Annual policy. Find UPR as at 31st Dec 2018.
How would the answer differ if say policy started 1 August?
Thanks a lot.