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

question 20

Multiple Choice

Which of the following statements about experience rating is (are) true?
I.The insured's past loss experience is used to determine the premium for the next policy period.
II.Its use is generally limited to small firms whose actual experience lacks credibility.

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

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Definitions:

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An obsessive or persistent focus on a specific object, issue, or activity, often preventing attention to other matters.

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A grassroots movement among Indigenous peoples in Canada advocating for indigenous sovereignty, environmental protection, and respect for treaty rights.