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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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