Premiums Based on Experience Ratings

question 9

Multiple Choice

Premiums based on experience ratings

• A) are uniform across age groups.
• B) are based on the loss experience of the insured.
• C) vary depending on the income of the insured.
• D) are illegal in most states in the U.S
• E) are only used in property-casualty insurance underwriting.

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Definitions:

Transsexual

An individual whose gender identity differs from the sex they were assigned at birth, often pursuing medical interventions to align their physical appearance with their gender identity.

Secondary Sex Characteristics

Physical features that emerge during puberty, distinguishing males and females, not directly involved in reproduction.

Females

Referring to the sex of an organism or a part of an organism that produces non-motile ova (eggs) and is typically associated with a set of physiological and biological features distinct from males.

Sexual Behaviors

Actions or practices related to the pursuit of pleasure derived from or directly related to the sexual organs or the act of sex.