Which of the Following Statements About Schedule Rating Is (Are)true

question 23

Multiple Choice

Which of the following statements about schedule rating is (are) true?
I.It involves the determination of a basis rate for each exposure,which is then modified by credits or debits.
II.It is based on the assumption that certain physical characteristics of the insured's operations will influence the insured's future loss experience.

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

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Definitions:

Firearm

A portable weapon that launches one or more projectiles driven by the explosion or rapid combustion of a propellant.

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A developmental stage in humans following childhood and before adulthood, typically between ages 13 and 19, characterized by significant physical, psychological, and social changes.

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The prevalence or frequency of tobacco use among a specific population within a given timeframe.

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Impairments in cognitive function related to brain pathology or injury, affecting processes such as memory, attention, and problem-solving skills.