Which one of the following insurance rating plans adjusts the insured’s premium for the current policy...

Which one of the following insurance rating plans adjusts the insured’s premium for the current policy period based on the insured’s loss experience during the current period?

Select one:

a. Schedule rating

b. Adjustment rating

c. Experience rating

d. Retrospective rating

Solutions

Expert Solution

d. Retrospective rating

A ratemaking technique that adjusts the insured’s premium for the current policy period based on the insured’s loss experience during the current period

jeff jeffy answered 2 years ago

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