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      Question

      What is the term used in insurance in which the ratio of

      premium underwritten in a particular year to the GDP.
      A Earned Premium Correct Answer Incorrect Answer
      B Penetration Rate Correct Answer Incorrect Answer
      C Defined Ratio Correct Answer Incorrect Answer
      D Combined Ratio Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Penetration rate is measured as the ratio of premium underwritten in a particular year to the GDP.

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