If the pure premium is $100 and the loading is 25 percent, the gross premium would be $133.33.

Name: If the pure premium is $100 and the loading is 25 percent, the gross premium would be $133.33.
Brand: Quizplus
Rating: 4.8 (35 reviews)

Question

Quizplus · Accepted Answer

The gross premium is the sum of the pure premium and the loading. In this case, the pure premium is $100 and the loading is 25 percent of the pure premium, or $25. Therefore, the gross premium is $100 + $25 = $125.

If the Pure Premium Is $100 and the Loading Is