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qid 256 · business
Question: PhilLeFrancpurchased (25 / 50) bodily injury insurance and $10,000 property damage insurance.The base premium for thebodily injury insurance was $101, while the base premiumfor the property damage coverage was $48. If Phil hada total factor of 1.37 for bodily injury and a total factor of 1.10forproperty damage, what was his premium for each typeof coverage?
- $138.37 for bodily injury coverage, $52.80 for property damage coverage
- $130.37 for bodily injury coverage, $50.80 for property damage coverage
- $125.37 for bodily injury coverage, $48.80 for property damage coverage
- $120.37 for bodily injury coverage, $42.80 for property damage coverage
- $140.37 for bodily injury coverage, $58.80 for property damage coverage
- $110.37 for bodily injury coverage, $45.80 for property damage coverage
- $145.37 for bodily injury coverage, $60.80 for property damage coverage
- $115.37 for bodily injury coverage, $49.80 for property damage coverage
- $132.37 for bodily injury coverage, $53.80 for property damage coverage
- $150.37 for bodily injury coverage, $55.80 for property damage coverage
Our answer: A. $138.37 for bodily injury coverage, $52.80 for property damage coverage Source quote machine-checked (exact quote)
How it was answered
Stored formula / worked method, replayed by code
Current source
Connecticut General Assembly, Office of Legislative Research, Report 99-R-1122, "Automobile Insurance Premium Factors"
https://cga.ct.gov/PS99/rpt/olr/htm/99-R-1122.htm
Source quote machine-checked (exact quote)
Earlier version (superseded)
No public source has been found for this card yet (3 places checked internally).