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:

Legal Drug

pertains to substances that are permitted by law for use, often with restrictions, including prescription medications and alcohol.

Marijuana

A psychoactive plant, Cannabis sativa, used both medicinally and recreationally for its calming and euphoric effects.

Alcohol

A psychoactive substance found in beverages such as beer, wine, and spirits, known for its intoxicating effects.

Cocaine

A powerful stimulant drug derived from the leaves of the coca plant, illegal in many countries.