|
SD/ND/FL | Is that the crop insurance companies must make a much greater underwriting profit on enterprise units.
Does anyone know of any data to support or refute this? Do they pay out like 90% of all optional unit premium but only say 75% of enterprise unit premium?
I would have guessed that their formulas are set up so they should make a similar profit margin on each product. And if they make, for example, 10% of total premium as profit, id rather pay in less with enterprise units to "give away" less profit over the long term. But if I'm wrong I need to take a closer look at optional units | |
|
I don't understand the rationale behind selecting optional unit crop insurance?
