Which of the Following Statements About Retrospective Rating Is True

question 1

Multiple Choice

Which of the following statements about retrospective rating is true?

• A)The premium for the current period is determined by the loss experience in prior periods.
• B)The premium for the current period is determined by the loss experience during the current period.
• C)The premium for the current period is determined by predicted future loss experience.
• D)The premium for future periods is determined by the loss experience for the current period.

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Definitions:

ATP

Adenosine triphosphate, a molecule that stores and transfers energy within cells, fueling various cellular processes.

NADH

Nicotinamide adenine dinucleotide (NAD) in its reduced form, NADH is a coenzyme that plays a vital role in energy metabolism and the electron transport chain in cells.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration.

Electron Transport Chain

A series of protein complexes located in the inner mitochondrial membrane that creates a proton gradient to generate ATP, the energy currency of the cell.