Class Rating and Schedule Rating Use the Same Approach in Arriving

question 36

True/False

Class rating and schedule rating use the same approach in arriving at a final fire insurance rate; both use a system of debits and credits and charges for particular property as compared to a standard.

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Definitions:

Hispanic

A term referring to people and cultures with historical links to Spain or Spanish-speaking countries, especially those in Latin America.

First Nations

Indigenous peoples in Canada who are not Inuit or Métis.

Institutional Racism

Discriminatory practices and policies embedded within societal institutions that disadvantage minority groups based on race or ethnicity.

Evidentiary Exclusion

A legal principle that prohibits certain types of evidence from being presented or considered in court.