In the 1981 exam question 44 (CSM supplemental questions page 113), in part b,
I understand how they got the D-ratio by dividing the AELR by the ELR, but why
isn't it also the answer to question a ii) divided by a i) which is the basic
limits losses limited by the MSL divided by the basic limits losses unlimited
by the MSL? This comes out to by .73 (141/193) instead of .70. What am I
missing?
Thanks and continue plugging on - it's almost over (till next year).
Faith