Which of the following is the correct formula for computing a loss ratio?

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Which of the following is the correct formula for computing a loss ratio?

A: (Incurred losses-loss adjusting expenses)/earned premium

B: Loss adjusting expenses – incurred expenses

C: (Incurred losses + loss adjusting expense)/learned premium

D: (Incurred expenses + loss adjusting expenses)/earned premium

Answer: (Incurred losses + loss adjusting expense)/learned premium

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