Question
The process of determining the cost of an insurance
policy based on the actual loss experience determined as an adjustment to the initial premium payment is termed as?Solution
Retrospective rating is an insurance pricing method in which the premium is directly affected by losses that occur during the policy period. The insured pays a provisional premium based on projected losses. Retrospective rating is commonly used in workers compensation insurance.
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There are seven members R, S, T, U, V, W and Y in a family, which consists of only t...
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There are eight persons F, G, H, I, J, K, L, and M in a family of three generations....
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There are seven members D, E, F, G, H, I and J in a family, which consists of only t...
Who among the following person is the son of A?
Ankit and Mohit are brothers. Shikha and Shweta are sisters. Ankit’s son is Shweta’s brother. How Mohit is related to Shikha?
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In a family of three generations, there are seven persons C, D, E, F, G, H and I. F ...
Who among the following is brother-in-law of M?
How is H related to the daughter-in-law of I?
If W is father of S, who is wife of K. K is the only son of J. K is the brother of M. Y is the mother of M's only sister P. I is the mother in law ...
How is G related to I?Â
